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(01.06 HC) Look at the graph. A medical device company is selling a new diagnostic tool at the equilibrium price of $15. The company hires a marketing firm to run an advertising campaign to publicize recent positive findings regarding the effectiveness of the tool. Based on the graph, what would be the result? (4 points)

(03.04 MC) Merv’s Hardware, a small family-owned store in Middletown, sells a 100-pack of garnet sandpaper for $35. The Home Shoppe, a large retail hardware chain in neighboring Morristown, sells the same product for $29. Based on this scenario, what would you expect Merv’s immediate response to be? (4 points)

(03.02 MC) Which of these are necessary capital investments for starting a free-range poultry farm? (4 points)

(05.06 LC) Which of the following do consumers usually want to see rise with inflation? (4 points)

(03.05 MC) Marginal Cost Analysis Graph © Jarry1250 2010Creative Commons Attribution-Share Alike 3.0 Unported Trevor’s company makes fine chocolates. He has figured out how to maximize his profit What letter on the graph represents Trevor’s situation? (4 points)

(03.03 MC) Ming is starting a business and she would like her personal assets to be protected. Which organizational structures should she consider? (4 points)

(03.04 MC) Which market type is most beneficial to consumers? (4 points)

(05.05 LC) The United States raises taxes on imported electronic goods. This type of trade barrier is known as a(n) (4 points)

(03.06 MC) Sayuri’s Asian Café needs to make pot stickers faster, so Sayuri buys a new machine to speed production, and the team starts using it on Day 4. Sayuri tracks production over the course of seven days. Which of these statements summarizes how the machine affects productivity? (4 points)

(03.06 MC) Occupation Salary Attorney $77,000 Software Engineer $63,000 Administrative assistant $33,000 Elemetary school teacher $40,000 Registered Nurse $53,000 Construction project manager $72,000 Based on the charted data, which of these statements is true? (4 points)