Exhibit 6-9 Cost schedule for firm X
OutputQuantity
Total FixedCost
Total VariableCost
0
$100
$    0
1
  100
    50
2
  100
    84
3
  100
  108
4
  100
  127
5
  100
  150
As shown in Exhibit 6-9, the total cost of producing 4 units is:

Which amount is not included in gross domestic product?

A) Payments to a physician for treatment of a respiratory condition caused by air pollution B) The purchase price of a used car bought from a friend C) Wages of government employees D) Wages of people who clean up toxic chemical spills E) Wages of people who sell used cars

If the government removes a binding price floor from a market, then the price received by sellers will

a. decrease, and the quantity sold in the market will decrease. b. decrease, and the quantity sold in the market will increase. c. increase, and the quantity sold in the market will decrease. d. increase, and the quantity sold in the market will increase.