When an increase in the price of wheat,an important ingredient in the production of bread,happens at the same time as an increase in the number of people consuming bread:

A) both the equilibrium price and quantity will increase.
B) equilibrium quantity will decrease,but equilibrium price may decrease,increase,or stay the same.
C) both the equilibrium price and quantity will decrease.
D) equilibrium price will increase,but equilibrium quantity may decrease,increase,or stay the same.

Refer to Scenario 8-1. If Erin pays Ernesto $90 to clean her house, Erin's consumer surplus is

A) $80.
B) $30.
C) $20.
D) $10.

It is reasonable to conclude from recent surveys that nearly all employees in the United States are truly very satisfied with their jobs.

Which of the following must be satisfied in order for a patent,other than a design patent,to be granted?

A) The object of the patent must be antiquated.
B) The object of the patent must be non-utilitarian.
C) The object of the patent must be obvious.
D) The object of the patent must be non-obvious.
E) The object of the patent must be novel,useful,and nonobvious.

If the market price of a bowling ball is $125 and the full cost of producing it is $35, then a bowling ball producing firm gets producer surplus of

A) $35.
B) $90.
C) $125.
D) $160.

Marcus has two jobs.He works as a night auditor at the Midnight Motel.When his shift at the motel is over,he works as a short order cook at the Break-An-Egg Restaurant.On a typical day,he drives the following distances: $\begin{array}{lr}\text{Home to Midnight Motel }& 4\text{ miles }\\ \text{Midnight Motel to restaurant }& 12\text{ miles }\\ \text{Restaurant to home }& 8\text{ miles }\end{array}$
How many miles per day would qualify as transportation expenses for tax purposes?

A) 0)
B) 4)
C) 12.
D) 24.

Bonnie's Baskets purchases $3,000 worth of office equipment on open account. This causes:

A) Cash and Capital to decrease.
B) Office Equipment and Accounts Payable to increase.
C) Office Equipment to decrease and Accounts Payable to increase.
D) Accounts Payable to increase and Capital to decrease.