Where would you find a voluntary muscle?
A. Attached to the femur
B. In blood vessel walls
C. Inside the heart
D. Lining the stomach
Answer: A. Attached to the femur
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Use the following graph of the market for milk to answer the question below.
The marginal cost for the 27th million gallon of milk is
A. $1.00. B. $2.00. C. $1.50. D. dependent on the marginal benefit.
An IOU that promises to pay a certain amount at maturity, and also to pay periodic fixed amounts until that date, is called a(n)
A. stock. B. equity. C. bond. D. futures contract.
A firm is currently selling its output for $30 per unit. If the firm reduces the price to $29 in order to boost sales, marginal revenue will
a. equal $30 b. equal $29 c. be between $30 and $29 d. be less than $29 e. exceed $30
Perfectly competitive firms
A. are large relative to the size of the market. B. are price makers. C. sell identical products. D. All of the above are correct.