Refer to the information provided in Table 8.1 below to answer the question(s) that follow.
Table 8.1 
Refer to Table 8.1. Assuming the price of labor (L) is $5 per unit and the price of capital (K) is $10 per unit, which of the following statements is true?
A. The firm will use production technique B to produce the first two units of output and production technique A to produce the third unit of output.
B. The firm will use production technique A to produce the first unit and production technique B to produce the second and third units of output.
C. The firm will use production technique B to produce all three units of output.
D. The firm will use production technique A to produce all three units of output.
Answer: A
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The duration of a coupon bond increases
A) the longer is the bond's term to maturity. B) when interest rates increase. C) the higher the coupon rate on the bond. D) the higher the bond price.
In testing whether each individual independent variables (Xs) in a multiple regression equation is statistically significant in explaining the dependent variable (Y), one uses the:
a. F-test b. Durbin-Watson test c. t-test d. z-test e. none of the above
The Robinson-Patman Act amended and further refined which of the following laws?
a. The Sherman Antitrust Act. b. The Celler-Kefauver Act. c. The Clayton Act. d. The FTC Act. e. The Herfindahl-Hirschman Act.
Figure 11-3
Using the graph in Figure 11-3, the profit-maximizing monopolist will charge a price
A. of more than $3. B. of $3. C. between $2 and $3. D. of $2.