Going from left to right on the aggregate demand curve, real GDP _____.

Refer to Figure 2-8. What is the opportunity cost of one dozen roses?

A) 0.4 dozen orchids B) 2.5 dozen orchids C) 7.25 dozen orchids D) 16 dozen orchids

Refer to Scenario 3. The average variable cost of producing three units of output is:

A) $15. B) $25. C) $41.67 (approximate). D) $75.