What is the average cost of producing three units?

Classical economists think that the government ________ use fiscal policy to dampen the business cycle because prices and wages adjust ________

A) should not; rapidly B) should not; slowly C) should; slowly D) should; rapidly

If Bill is willing to pay $10 for one good X, $8 for a second, and $6 for a third, and the market price is $5, then Max's consumer surplus is:

a. $24 b. $18. c. $9 d. $6.