Question 6 7 pts 6.This quesb'on is based on the following table. Household Income Mge number of car per household Less than $20,000 1.2 $20,000 $29,999 1.5 $30,000 $39,999 1.7 $40,000 $49,999 2.1 $50,000 $74,999 2.6 $75,000 $99,999 2.9 $100,000 $124,999 3.1 $125,000 $149,999 3.3 $150,000 and over 3.7 The relationship between household income and average number of car per household is: O a. Negative. O b. Fluctuating. O c.Terminal_ Q d. Positive. O o. Noncxistcnt Question 3' ? pts 7'.This question is based on the following table which shows the output combinations of food and clothing available to an isolated city: Possibilities mam] msl A U 750 B 100 600 C 200 450 D 300 300 E 400 1 50 F 300 O From the given information, the opportunity cost of 100 tons of clothing is O a. 50 tons offood. O b. 100 tons of food. O c. 150 tons offood. C) d. 200 tons of food. O o. 250 tons of food. D Question 3 7 pts 3.An increase in demand O a. Causes the equilibrium price to fall. O b. Reects a decreasing consumer preference for the item. (9) c. Means that the demand curve has shifted to the right. C) d. Means that the demand curve has shifted to the left. C) e. Results from a decrease in supply. D Question 4 7 pts 4.lf a graph of two variables shows an upward-sloping relationship, that relationship is considered to be @I a. Direct. O b. Indirect. O c. Normative. Q d. Variable. C) e. Independent Question 13 7 pts 10.The question (18} below is based on the following production function: Output Total Revenue Total Cost {Q} iTR] {TC} 1 $1,000 $1,000 2 $2,000 $1,500 3 $3,000 $2,300 4 $4,000 $3,300 5 $5,000 $4,500 6 $0,000 $7,000 To maximize prots, the rm should produce between C) 3.1 and 2 units per period. 0 b. 2 and 3 units per period. 0 c. 3 and 4 units per period. 0 d. 4 and 5 units per period. 0 e. 5 and 0 units per period