If the marginal cost of producing the fifth unit of output is higher than the marginal cost of producing the fourth unit of output, then at five units of output, average total cost must be rising.

Refer to Figure 9.4.2 above. The government policy pictured is:

A) a price ceiling of $20.
B) a price support of $20.
C) a price ceiling of $15.
D) a price support of $15.
E) a quota of 600.

A ___ structure has a central core of full-time employees surrounded by outside contractors and partners that supply essential services.

A) functional
B) divisional
C) team
D) network
E) matrix

If two sets of data are inversely related, they will appear on a graph as an upward-sloping line.

Which of the following is an accurate statement about casual listening?

A) It refers to the type of listening in which a person fakes his or her attention
B) It has a negative impact on the emotional health of a person.
C) It involves an empathetic reciprocation of another's feelings.
D) It provides relaxing breaks from more serious tasks.

Free markets allocate (a) the supply of goods to the buyers who value them most highly and (b) the demand for goods to the sellers who can produce them at least cost.