Use the following to answer questions:
Figure: The Demand Curve 
-(Figure: The Demand Curve) Look at the figure The Demand Curve. If the price is $3, total revenue is _____. If the price is $4, total revenue is _____.
Definitions:
Capital
Resources and assets, such as buildings, machinery, and equipment, used to produce goods and services.
Average Total Cost
The total cost of production divided by the number of goods produced; it consists of both fixed and variable costs.
Mixers
Devices used in cooking and baking to blend, beat, or whip ingredients together to form a mixture.
Average Fixed Cost
Average Fixed Cost is the total fixed expenses of a business divided by the quantity of units produced, showing how fixed costs dilute with increased production.
Q31: (Figure: The Demand Curve) Look at the
Q41: Explain the difference between comparative advantage and
Q48: Tomas produces 100 cartons of free range
Q73: If personal income up to and including
Q86: If the elasticity of demand is _
Q140: If the government levies an excise tax
Q167: (Figure: Tax Incidence) Look at the figure
Q176: If the price is below the equilibrium
Q196: (Table: Quantity Supplied and Quantity Demanded) Look
Q260: The two principles of tax fairness are:<br>A)