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C13 Microeconomics Online Exams 1-8 Answers (Ashworth College)

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A. As more firms began hiring computer programmers, the salaries of computer programmers<br />

increased and therefore the firm's cost of production increased.<br />

B. You eat too much pizza and end up with a stomach ache.<br />

C. You are not able to study at night because there is so much noise coming from the dorm<br />

room next to yours.<br />

D. When you purchase a prescription drug you are not made fully aware of all the possible side<br />

effects that may result from taking the drug.<br />

Part 2 of 2 - Lesson 5<br />

Questions<br />

42.5/ 50.0 Points<br />

Question 21 of<br />

2.5/ 2.5 Points<br />

40<br />

If marginal product is negative, then __________ .<br />

A. total product will decrease if more of the input is hired<br />

B. total product is equal to zero<br />

C. marginal product will increase if more of the input is<br />

hired<br />

D. average product will increase if more of the input is hired<br />

Question 22 of<br />

2.5/ 2.5 Points<br />

40<br />

Which of the following statements about fixed costs is correct?<br />

A. Fixed costs are not opportunity costs.<br />

B. Fixed costs must be paid even if the firm's output is<br />

zero.

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