Refer to Figure 3-5. At a price of $10, the quantity sold

A firm sells 1000 units per week. It charges $15 per unit, the average variable costs are $10, and the average costs are $25 . At what price does the firm consider shutting-down in the short run?

a. $25 b. $0 c. $15 d. $10

Suppose the United States unexpectedly decided to pay off its debt by printing new money. Which of the following would happen?

a. People who held money would feel poorer. b. Prices would rise. c. People who had lent money at a fixed interest rate would feel poorer. d. All of the above are correct.