What is the value added by all the firms A–E from the production of a product as described below? What did each firm add separately in value and what does it total?
The value added by all firms is $7600, or the final sales value. Firm A: added $1610. Firm B: added $900. Firm C: added $1200. Firm D: added: $1510. Firm E: added $2400. The value added by all firms totals $7600 and equals the final sales value by Firm E ($7600).
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Rent seeking creates incentives for firms to use resources efficiently.
Answer the following statement true (T) or false (F)
Use the information provided in Table 7.1 below to answer the question(s) that follow.
Table 7.1Inputs Required to Produce a Product Using Alternative Technologies 
Refer to Table 7.1. Which technology is the most labor intensive?
A. A B. B C. C D. D
When the policy rate hits its lower bound and inflation keeps falling, this portion of the Monetary Policy curve is
A) downward sloping. B) upward sloping. C) flat. D) undetermined.
A forecaster used the regression equationQt = a + bt + c1D1 + c2D2 + c3D3and quarterly sales data for 1996 I - 2013 IV (t = 1, ..., 64) for an appliance manufacturer to obtain the results shown below. Q is quarterly sales, and D1, D2 and D3 are dummy variables for quarters I, II, and III. 
What is the estimated intercept of the trend line in the second quarter?
A. 25 B. 55 C. 26.6 D. 65 E. none of the above