71. Which of the following statements about indifference curves is most accurate?
　　A)   All bundles of goods on an indifference curve provide equal utility to a consumer.
　　B)    On any indifference curve, the bundle nearest the origin is the consumer’s least preferred bundle.
　　C)    A consumer’s optimal bundle of goods is the bundle at which the indifference curves intersect.
　　72. A firm in a perfectly competitive industry that seeks to maximize profit is most likely to continue production in the short run as long which of the following conditions exists? Price is equal to or greater than:
　　A)   average variable costs.
　　B)    average fixed cost.
　　C)    marginal cost.
　　73 .The short run is best defined as:
　　A)   the period for which the quantities of some resource inputs are fixed.
　　B)    the period for which the quantities of all factors of production are fixed.
　　C)    the time frame within which working capital decisions cannot be altered.
　　74 .When a firm is earning positive economic profits in a monopolistic competitive market, what will most likely occur?
　　A)   New firms will enter driving down the economic profits to zero.
　　B)    Losses will occur in the short run.
　　C)    Price takers will be over run by price searchers.
　　75 .Partial equilibrium analysis is least likely to include the effect of:
　　A)   consumer income on demand.
　　B)    price of a good on demand for a complement.
　　C)    consumer tastes on demand.
　　
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