In the above figure, what is the price the firm receives if the output is 8?
A) $10
B) $2
C) $7
D) $8
A
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Compared to Chile (since 1973), Argentine policy has been
a. more favorable to private enterprise b. more monetarist c. more constant d. more successful in macroeconomic terms e. none of the above
Just before Valentine's Day, the price of roses increases dramatically. This is because
a. self-interested individuals try to charge more for a good than consumers are willing to pay. b. demand increases while the supply of roses remains relatively constant. c. the supply curve of roses is highly elastic. d. the demand for roses is relatively inelastic most of the year, but becomes more elastic as demand increases.
You do not worry about how your bank is investing your money because your deposits are federally insured. This is an example of:
A. a positive spillover. B. moral hazard. C. adverse selection. D. irrational behavior.
Refer to the information provided in Figure 9.1 below to answer the question(s) that follow. 
Figure 9.1Refer to Figure 9.1. If this farmer is maximizing profits, his total costs will be
A. $11. B. $66. C. $90. D. $132.