In the short-run, total fixed costs always exceed total variable costs
a. True
b. False
Indicate whether the statement is true or false
False
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If the labor market in the above figure is competitive, what is the equilibrium wage and quantity of labor hired?
A) $10 and 100 hours B) $10 and 50 hours C) $5 and 100 hours D) $15 and 50 hours
Which of the following employers is the most prejudiced? Employer:
A. A, whose d is $0. B. B, whose d is $2. C. C, whose d is $4. D. D, whose d is $6.
In contrast to first-dollar insurance coverage, one concern about HMOs is that:
A. patients will receive more medical care than they need. B. the price of medical care will be too low. C. acute treatment will be overemphasized. D. patients will not receive adequate medical care.
Which of the following statements is true?
A) Out of two loans, the interest accumulated after the end of a year will be more on the one that is a larger principal. B) Banks are the only financial institutions that lend money and do not accept deposits. C) Out of two loans, the interest accumulated after the end of a year will be more on the one that is a smaller principal. D) Banks are the only financial institutions that do not lend money but accept deposits.