In 2009, the Social Security System ran a surplus of approximately $137 billion.
Answer the following statement true (T) or false (F)
True
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The marginal benefit of an activity is the:
A. total benefit of an activity divided by the level of the activity. B. same as the total benefit of an activity. C. extra benefit associated with an extra unit of the activity. D. total benefit associated with an extra unit of the activity.
An ethanol processing plant operates relatively efficiently when operating at its designed "capacity". The firm is willing to pay more for delivery of corn to maintain this level of output. This indicates that the firm is likely to experience ______ (higher, lower, the same) average total costs operating at less than this level of output.
a. Higher b. Lower c. The same
Public companies are companies that
A. have sold shares of stock to the general public. B. act as financial intermediaries. C. have not yet had an initial public offering. D. are owned or managed by the federal government.
Who said, "It is not the employer who pays wages; he only handles the money. It is the product that pays wages."
A. Henry Ford B. Karl Marx C. Jackson Martindell D. Studs Terkel