If it costs Microsoft $800 million to bring a new version of Windows to market, and if the marginal cost of producing one unit were $1, the ATC of producing 10 million units would be approximately ______.

Which statement most accurately describes the distribution of income among US families?

a. In 2005, as in most of American history, poor people work on average many more hours than do high-income people. b. The median real family income has remained about the same since 1970. c. One of the most significant determinants of income inequality in the US has been the increase in demand for highly trained labor. d. Earnings of married-couple families have grown more slowly than earnings of both male and female households with no spouse.

In the graph shown, an upward shift in the WAS curve:

A. lowers the trade deficit, because domestic producers are more competitive. B. raises domestic consumption, because domestic producers will produce more. C. lowers domestic production, because domestic consumption has fallen. D. raises globalized potential output, because U.S. producers are less competitive.