Refer to the information provided in Figure 8.4 below to answer the question(s) that follow. 
Figure 8.4 Refer to Figure 8.4. Micro Oven's average fixed costs of producing two units of output are
A. $150.
B. $300.
C. $450.
D. indeterminate from this information.
Answer: A
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In the short run
A) existing firms do NOT face limits imposed by a fixed factor of production. B) all firms have costs that they must bear regardless of their output. C) new firms can enter an industry. D) existing firms can exit an industry.
The Fed became an active participant in the in the private banking system in response to the financial crisis of 2008.
Answer the following statement true (T) or false (F)
President Eisenhower considered his main economic task as _______________.
Fill in the blank(s) with the appropriate word(s).
Jim, who is African American, and Paul, who is Polish American, were roommates in college. When they graduated, they had the same grade point average and excellent recommendations from their professors. Their first jobs were in the same industry at about the same salary. However, 20 years later, Paul is making significantly more money than Jim is. Based on common patterns in the United States, what is a likely reason for the difference?
a. Jim has experienced continuing discrimination over time. b. Paul has experienced reverse discrimination over time. c. Paul has more experience than Jim. d. Jim has fewer qualifications than Paul.