QUESTION 7 4 points Save Answer The above graph depicts which of the following short run curves if diminishing marginal returns occur? total product curve total cost curve marginal product curve fixed cost curve QUESTION 8 A decrease in the price of eggs will result in an increase in the: 4 points Save Answer supply for eggs. demand for eggs. quantity of eggs demanded. quantity of eggs supplied. QUESTION 9 4 points Save Answer Critics of the National Collegiate Athletic Association (NCAA) argue that the NCAA monopolizes college athletics and prevents student athletes from earning money while in college. If this is true, what type of entry barrier does the NCAA have? patent copyright control of a scarce resource or input increasing returns to scale QUESTION 10 4 points Save Answer natural gas? In August 2005, Hurricane Katrina damaged or destroyed oil platforms in the Gulf of Mexico, refineries along the Gulf coast, and the pipeline infrastructure that transports oil and gas to customers across the eastern United States. The winter of 2006 was unusually cold in many parts of the country. How did these events affect the market (equilibrium) price and quantity for For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I US Paragraph Arial 10pt Q WORDS POWERED BY TINY QUESTION 11 4 points Save Answer Table: The Demand for Chocolate-Covered Peanuts Quantity Demanded Price (bags per month) per Bag George Barbara Dan $0.90 10 60 0.80 10 80 0.70 20 20 100 0.60 25 30 120 0.50 30 40 140 0.40 35 50 160 0.30 40 180 Look at the table The Demand for Chocolate-Covered Peanuts. If Georg .50, the total market quantity demanded is [A] bags per month