The total fixed cost curve:
A. varies with the quantity of inputs used.
B. decreases with output.
C. increases with output.
D. remains constant regardless of output.
Answer: D
You might also like to view...
In the city of Alvarez, with the exception of guide dogs for blind people, all dogs are banned from its three public parks, regardless of whether the animals are leashed. Many residents are pushing for a change in policy
Canine lover Sara Northridge observed, "There are 800 or more homes here. There are three parks within 10 minutes, and almost everyone has a dog, but we can't take our dogs there." Others fear that allowing dogs would detract from their enjoyment of the parks. Tim Cortis retorted, "We're not preventing dog lovers from enjoying the park, just come without your dog." Which of the following is a way of dealing with the problem by assigning property rights to a particular group? A) dedicate some parks, or at least one park, exclusively for the use of visitors bringing dogs to the park B) impose a two-tier entry fee system—a lower fee for non dog owners and a higher fee for dog owners C) impose a fee only for dog owners to use the public parks; non dog owners do not pay a fee D) allow dog owners to bring their dogs to the park but insist that they keep watch over their dogs
The simple deposit multiplier can be expressed as the ratio of the
A) change in reserves in the banking system divided by the change in deposits. B) change in deposits divided by the change in reserves in the banking system. C) required reserve ratio divided by the change in reserves in the banking system. D) change in deposits divided by the required reserve ratio.
According to the World Bank’s system, countries in the slow growth club have a GDP growth of
a. 5% or more per year. b. 2% or less per year. c. 2% or more per year. d. 5% or less per year.
If monopolies are both inevitable and bad, which policy alternative will be least disruptive of all effective policy alternatives?
a. regulate prices b. nationalize c. laissez-faire d. encourage concentration e. split up the monopoly