Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow. 
Figure 8.5 Refer to Figure 8.5. If two drones are produced, average fixed costs are
A. $10.
B. $20.
C. $25.
D. $50.
Answer: C
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Humphrey Gilbert was an explorer from _____
a. England b. France c. Holland d. Portugal e. Spain
Which of the following is the most distinguishing characteristic of a monopolistically competitive industry?
a. Market barriers b. One firm controls the industry c. Product differentiation d. A small number of firms dominate the market
Barter is:
A. the direct trade of goods and services for other goods and services. B. the extension of credit to borrowers using funds raised from savers. C. a means of channeling funds from savers to borrowers with productive investment opportunities. D. an equity claim to ownership.
Inelastic demand displays:
A. little quantity stretch. B. considerable price stretch. C. considerable quantity stretch. D. little price stretch.