Refer to the information provided in Figure 8.2 below to answer the question(s) that follow. 
Figure 8.2
Refer to Figure 8.2 above. The total fixed costs for The Barber Shop are $3,000. If The Barber Shop produces 300 haircuts, the average fixed costs are
A. $0.20.
B. $5.
C. $10.
D. $100.
Answer: C
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Which of the following would explain why Josh's Limo Service might increase its demand for limo drivers?
A) an increase in demand for limo rides, resulting in a rise in the price of a limo ride B) a decrease in the demand for limo rides C) a fall in the price of a taxi ride D) a rise in the wage paid to limo drivers
More than 80 percent of American firms are incorporated.
Answer the following statement true (T) or false (F)
An expansion in a country's capital stock is associated with a(n) _____
a. increase in potential GDP b. decline in future consumption c. increase in human capital d. decline in the rate of investment e. increase in national debt
The history of the textile industry raises important questions for economic policy
a. True b. False Indicate whether the statement is true or false