Average fixed costs rise continuously as quantity of output rises.
Answer the following statement true (T) or false (F)
False
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Welfare recipients differ markedly from other Americans with respect to general personality characteristics, work ethics, and basic life goals
Indicate whether the statement is true or false
If the cost of capital increased to 25%, would the firm invest in the printer?
a. Yes because the NPV>0 b. Yes because the NPV=0 c. Need information on the marginal benefits and costs d. No because the NPV<0
Leo is a welfare recipient who qualifies for two means-tested cash benefit programs. If he does not earn any income, he receives $225 from each program. For each dollar he earns (which his employer is required to report to the welfare agency), his benefit from each program is reduced by 75 cents until the benefit equals zero. If Leo values income and not the source of the income, then if he can only earn $400 he will choose to:
A. not work and accept the benefits. B. work. C. not work and refuse the benefits. D. work part time.
Refer to the table, in which investment is in billions. Suppose the Fed reduces the interest rate from 6 to 5 percent at a time when the investment demand declines from that shown by columns (1) and (2) to that shown by columns (1) and (3). As a result of these two occurrences, investment will:
A. increase by $10 billion.
B. decrease by $10 billion.
C. increase by $20 billion.
D. decrease by $20 billion.