Refer to the information provided in Figure 8.9 below to answer the question(s) that follow. 
Figure 8.9
Refer to Figure 8.9. This farmer's profit-maximizing level of output is ________ units of output.
A. 100
B. 350
C. 500
D. 700
Answer: C
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Feasible options are options:
A) that are available and affordable. B) that are available but not affordable. C) that are affordable but not available. D) that are optimal for an economic agent.
If General Electric finds that when it doubles both its plant size and the amount of associated inputs, its output level does not double, then
a. the law of diminishing returns is in effect. b. long-run average costs must be decreasing. c. the firm is experiencing diseconomies of scale. d. the firm should increase production. e. the firm is experiencing constant returns to scale.
Redistribution programs that reduce poverty and income inequality
A. always increase GDP. B. always decrease GDP. C. usually increase GDP. D. usually decrease GDP.
Macroeconomics deals with ________ while microeconomics deals with ________.
A. choices of rich people; choices of poor people B. choices important to people; choices not important to people C. choices that involve money; choices that does not involve money D. economywide choices; choices of individuals