TPL AF Competits Pri mest Total Total Total Total Tal reage drenge Arena Maria Maria Maria Total Product FC Tale Cost Code Tol Cost R Pris Prats ATED COSTO 10 DE OCCADEM SENS SUN SEL STA 11) Refer to the Table HW2 PL By filling the banks, the marginal A) S1250 CSS 00 (MC) for the 4 tis aut D) $31.50 12) Which of the following is the closest to being a perfectly competitive market in the United States? A) Freshly brewed coffee B) Airline travel C) D) Computer hardware Fast food restaurants 13) A product is turned into a commodity when A) there is only one seller of a product there is no more incentive for new businesses to enter C) there is product differentiation economic profits can be cared 14) Productive activity in the underground economy results in an overstatement of actual income and production in the national accounting system consists of unrecorded cash transactions is fully estimated and included in the national income accounting system poses o problems for the measurement of gross domestic product investments and the quantity Real GDP demanded 15) As the price level increases interest rates respectively A) decrease increase, decreases C) decreasing increase B) increase in decreases D) increase, decrease, decreases 16) In the base your, Mr. Nice cared 550.000 a year. This year, the consumer price index is 160. How much he must cam this year in order to maintain his real earning? A) 57.000 B) $79.000 577,000 D) 80,000 17) Suppose a l pound steak sells at a grocery store is for $7. Suppose that the grocery store purchased it from a butcher for S4. Suppose the butcher bought cattle from farmers for $2 per sellable pound and paid their labor approximately Sl for pound of sellable beef labor and made SI in profit. What is the GDP contribution of the A) It is 54 B) is 57 C) It is SIL Dj It is SIS 18) Given a local civilian population-190, sol civilian employed - 165 and total civilian employed - 12. Therefore, the civil labor force participation is percent A) 87.40 B)93.16 95.30 D) 89.15