The data in the above figure indicate that the economy will be in a long-run macroeconomic equilibrium at a price level of

Macroeconomics, as opposed to microeconomics, includes the study of what determines the

A) wages paid to employees of Walmart. B) prices charged for automobiles produced by Tesla. C) exchange rates between the U.S. dollar and the currencies of Asian nations. D) quantity of iPhones produced by Apple.

A firm's marginal cost is $82, its average total cost is $50, and its output is 800 units. Its total cost of producing 801 units is

A) less than $40,000. B) between $40,000 and $40,050. C) between $40,050 and $40,080. D) greater than $40,080.