1.Revenue, profit, and utility represent ________ that play a significant role in determining people's choices. (2 points)

factors of production

inputs

outputs

marginally increasing values

incentives

2.Which of the following methods would produce an accurate market demand curve? (2 points)

Adding horizontally at each price all the individual marginal benefit curves in the market

Drawing a downward-sloping line through the equilibrium price in the market

Drawing the marginal cost curve from its lowest point up

Taking the derivative of all the suppliers' total product curves

Multiplying the equilibrium price by all quantities supplied

3.

Televisions Price D1 D2 QuantityJoseph Talia Shen Price per Cog Cogs Produced $4 12 8 4 $3 11 6 3 $2 9 4 2 $1 5 2 $0 2 1 0