All of the following could be considered benefits for a business not accepting cash except
A) a reduction in the risk of robberies.
B) faster processing of orders.
C) the fees paid for the use of credit cards.
D) all of the above.
Answer: C
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What does it mean to internalize an externality?
What will be an ideal response?
The U.S. dollar: a. is the most ancient form of money
b. is an example of modern money. c. is backed by gold. d. is accepted everywhere around the world.
Based on the table showing unemployment rates and earnings by educational attainment, which group has the highest unemployment rate?
a. people with a doctoral degree
b. people with some college, but no degree
c. people with an associate’s degree
d. people with less than a high school diploma
A consulting company estimated market demand and supply in a perfectly competitive industry and obtained the following results:Qd = 25,000 ? 5,000P + 25MQs = 240,000 + 5,000P ? 2,000PIwhere P is price, M is income, and PI is the price of a key input. The forecasts for the next year are 
= $15,000 and 
I = $20. Average variable cost is estimated to beAVC = 14 ? 0.008Q + 0.000002Q2Total fixed cost will be $6,000 next year. Suppose that income for next year is forecasted to be $9,000 instead. What is the profit-maximizing output choice for the firm?
A. 2,000 units B. 1,000 units C. 2,860 units D. 1,860 units E. none of the above