Refer to the information provided in Figure 17.1 below to answer the question(s) that follow. 
Figure 17.1 Refer to Figure 17.1. Dmitri has two job offers when he graduates from college. Dmitri views the offers as identical, except for the salary terms. The first offer is at a fixed annual salary of $40,000. The second offer is at a fixed salary of $20,000 plus a possible bonus of $40,000. Dmitri believes that he has a 50-50 chance of earning the bonus. Dmitri's expected utility from the first job offer is ________ and it is ________ from the second job offer.
A. 180; 160
B. 180; 110
C. 90; 160
D. 180; 210
Answer: A
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Whether a company produces fishing rods mostly by hand or using high-tech machinery is a question of
A) "When will the goods be produced?" B) "For whom will goods be produced?" C) "How will the goods be produced?" D) "Why will the goods be produced?" E) "Where will the goods be produced?"
If real GDP ________ aggregate planned expenditure, then as a result firms ________ production
A) exceeds; decrease B) equals; increase C) exceeds; increase D) is less than; decrease E) equals; decrease
Which of the following expenditures are included in consumption?
A. Personal medical services. B. Police services. C. Public parks. D. Public highways.
In the long run, monopolistically competitive firms will not earn economic profits because
A) average total cost will shift up to meet the demand curve. B) input prices will be bid up. C) production will not be at minimum average cost. D) new firms will enter the industry.