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 six drones are produced, total variable costs are
A. $10.
B. $13.33.
C. $70.
D. $80.
Answer: D
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The figure shows the U.S. market for flip?flops. With international trade, the United States imports ________ flip?flops.
Fill in the blank(s) with the appropriate word(s).
Foreign outsourcing is
A) the transfer of operations to foreign contractors. B) an example of internalization. C) an example of foreign direct investment. D) currently illegal in the U.S. E) the substitution of immigration for foreign direct investment.
Assume there is an improvement in the technology used to produce Blu-ray disc players. What could be expected to happen to the equilibrium price and quantity in the market for Blu-ray disc players?
A) Equilibrium price would increase and equilibrium quantity would decrease. B) Equilibrium price and quantity would both decrease. C) Equilibrium price would decrease and equilibrium quantity would increase. D) Equilibrium price and quantity would both increase.
An increase in the market price of a good increases consumer surplus
a. True b. False Indicate whether the statement is true or false