50. Use the graph to answer the question. Production Possibilities Market for Product X A 68. Look at the diagram and answer the question. E investments in increased labor B technology productivity Capital Goods Price D Which phrase correctly completes the diagram? C O decreased demand increased inflation O price stability O economic growth Quantity What would happen to the equilibrium price of Consumer Goods Product X.# demand for Product X Increased? 5. Which point on the graph represents a level of OR would fall. production that is impossible to achieve, given current resources. Ott would stay the same. OIt would fluctuate. O Point E OR would rise. O Point D O Point A O Point c 74. Use the table of production and marginal costs to answer the question. 85. Use the circular flow diagram to answer the question. Number of Total Units Marginal Price of Workers Produced Number of Each Unit Units Produced Produced Product 84. Which of these is an essential characteristic of $2 00 a command economy? $2 00 $2 00 O consumer sovereignty Households $2 00 O private enterprise Businesses $2 00 30 $2:00 O profit seeking 33 $2 00 government regulation le source (Factor Market Each worker at Jim's Toys earns $12 00 per hour and toys cost $2 00 to produce. The company wants to maximize its profits by hiring the most Which element flows from households to efficient number of workers while keeping costs businesses through the product market? low. Assuming the company is rational actor, how many workers should Jim's Toys hire? Orevenue O The company should hire four workers. Oincome The company should hire three workers. O interest The company should hire five workers. labor The company should hire two workers