The table above gives production information for Bob's Baseball Cap Company. Bob's total cost when zero caps are produced is $200 and workers cost $10 per hour. The marginal cost per hat of producing 30 hats per hour (instead of 25 ) is

The figure above illustrates a linear demand curve. In the range from $8 to $6

A) the demand is price elastic. B) the demand is unit elastic. C) the demand is price inelastic. D) more information is needed to determine if the demand is price elastic, unit elastic, or inelastic.

Along a curve, when one variable increases, the other variable decreases. The curve showing this relationship

A) might be horizontal. B) has a positive slope. C) has a negative slope. D) has an increasing then a decreasing slope.