A firm can stay in business while taking a loss in the short run as long as it covers its
a. fixed costs.
b. variable costs.
c. fixed and variable costs.
d. A firm can never stay in business when it experiences losses.
b
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Consider two individuals, Wendy and Jenny, who discount delayed utilities with a weight of 1/4 and 7/8, respectively. Consuming one hamburger gives both Wendy and Jenny benefits worth 16 utils instantly and has delayed costs of 20 utils
a) If the nearby hamburger shop is closed for a week, comment on whether both individuals will consume hamburgers after a week. b) If a new shop is opened nearby, and hamburgers are available for consumption today, comment on whether both individuals will consume hamburgers.
Which of the following is an example of an unintended consequence?
a. government sponsored ad campaigns that lead to an increase in vaccinations b. rent controls that lead to a decline in the quality of rental properties c. higher property taxes that allow for better public schools d. increased airport security measures that result in safer travel
To bring her family of four up to the poverty line, a woman would need to earn almost $_______ per hour, 40 hours per week, 52 weeks a year.
Fill in the blank(s) with the appropriate word(s).
A decrease in net taxes _____
Fill in the blank(s) with the appropriate word(s).