If total revenue is less than total costs at q*, the firm is ______.
a. earning a normal rate of return
b. generating total economic losses
c. generating total economic profits
d. earing zero economic profits
b. generating total economic losses
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To non-activists, which of the following is the most useful stabilization policy?
A) procyclical monetary and fiscal policy changes B) countercyclical monetary changes C) government spending changes D) None of these.
If good A has a marginal utility of 30 and a price of $5, and good B has a marginal utility of 10 and a price of $2, then:
a. good A is a better buy than good B. b. good B is a better buy than good A. c. goods A and B are of equal value to this consumer. d. neither good A nor B is worth the money. e. goods A and B should both be purchased.
To answer the question, refer to the following table showing a demand schedule: 
If price rises from $100 to $150,
A. an arrow representing the price effect points upward and is shorter than an arrow for the quantity effect, which points downward. B. the arrow representing the price effect points down and the arrow representing the quantity effect points up. C. total revenue moves up as indicated by the direction of the arrow representing the price effect. D. arrows representing the price and quantity effects both point upward. E. both c and d
Suppose a worker is offered a wage of $8 per hour, plus a fixed payment of $100 per day, and he can use 24 hours per day. What is the minimum the worker can earn in a day?
A. $192 B. $50 C. $200 D. $100