As a factory increases its output, the average total cost of producing the product goes down.

As a factory increases its output, the total revenues from the product goes down.

As a factory adds more workers, the workers' total product goes down.

As a factory adds more workers, the workers' marginal product goes down.

price=$45, quantity=150

price=$55, quantity=50

price=$40, quantity=200

price=$50, quantity=100

zero since it did not cost you anything to watch TV

the value of the book you did not read

the sum of the values in A, B and C above

the value of the movie you did not go to

the value of studying not done

Deadweight loss will exist in the market place.

a shortage

Actual quantity will be less than the equilibrium quantity

a surplus

can be neither negative or positive.

can be either negative or positive.

can only be negative.

can only be positive.

the income effect prompts the consumer to purchase less of the good, but the substitution effect prompts the consumer to purchase more.

the income and substitution effects both prompt the consumer to purchase less of the good.

the income and substitution effects both prompt the consumer to purchase more of the good.

the income effect prompts the consumer to purchase more of the good, but the substitution effect prompts the consumer to purchase less.

all of the above

a sole proprietorship.

a corporation.

a partnership.

is the same as total cost.

is the same as profit.

is the same as marginal cost.

is the same as marginal revenue.

At a given price, less will be spent on the good.

 The quantity demanded will increase.

An increase in the demand for the good will occur.

A decrease in the demand for the good will occur.