Answer key to sample problems for test 3

This could be the key.

1-B, 2-A, 3-A, 4-B, 5-D, 6-C,
7-B, 8-D, 9-A, 10-C, 11-B, 12-C,
13-C, 14-A, 15-C, 16-A, 17-A, 18-D,
19-B, 20-B, 21-B, 22-B, 23-D,
24-D, 25-A,
26-B, 27-D, 28-C, 29-A,
30-A, 31-C, 32-C, 33-B, 34-B, 35-C.

Yes, 14 and 16 are the same. For 32, I wouldn't go so far as to argue anyone's salary is a guaranteed contract. If you "assume" that, then D would be correct, but I would think that adds something to the problem that isn't there so C would be the "best" answer.

Hint. The written problem has to do with the relationship between TC, ATC, and MC.

Good luck.