Labor expenditures associated with carrying out an abatement process are considered to be part of
a. capital costs
b. fixed costs
c. operating costs
d. implicit costs
e. none of the above
c. operating costs
You might also like to view...
If the change in the y-axis variable is 4 and the change in the x-axis variable is 2, the slope of this line is 1/2
Indicate whether the statement is true or false
In a monopsonistic labor market, workers are paid a wage:
a. below their MRP. b. equal to the intersection of MRP and S. c. equal to the MFC. d. equal to the price of the output. e. above their MFC.
Wealth and income are the same
Indicate whether the statement is true or false
Regulations that strictly limit pollution
A. provide firms no incentives to reduce pollution once a standard is met. B. provide no incentives for firms to discover loopholes in the regulations. C. tend to be an economically efficient way to reduce pollution. D. has been a simple way for some firms to reduce pollution to zero.