In the above figure, what will be the output level produced if average cost pricing is used?

Which of the following increases the quantity supplied of compact discs but does NOT increase the supply of compact discs?

A) new technology that lowers the cost of producing compact discs B) a decrease in the price of a compact disc C) an increase in the price of a compact disc D) a decrease in the number of suppliers of compact discs E) an increase in the price of the resources used to produce compact discs

The above table presents data from the nation of Pacifica. Aggregate planned expenditure equals $7.5 trillion when real GDP equals

A) $4.0 trillion. B) $8.5 trillion. C) $7.5 trillion. D) $6.0 trillion. E) $8.0 trillion.