Which of the following is an example of an indivisible input?
A. the amount of labor a firm hires
B. flour used to produce bread
C. wood used to produce paper
D. train tracks between two cities
Answer: D
You might also like to view...
Which of the following distinctions does not help to explain the difference between relevant and irrelevant cost?
A) historical vs. replacement cost B) sunk vs. incremental cost C) variable vs. fixed cost D) out-of-pocket vs. opportunity cost E) All help to explain the difference.
Options are less than perfect as instruments to induce better performance because:
a. they are most often backdated. b. they are independent of market volatility. c. more than 90 percent of options expire worthless. d. executives often take risky decisions to raise the value of their options.
The major cause of the recession in 2001 was a decline in _____________ spending.
Fill in the blank(s) with the appropriate word(s).
What is the best way to ensure that individuals with pre-existing health conditions have access to affordable insurance coverage?
a. Place everyone in the same risk pool and charge everyone, sick and healthy, the same community-rated premium. b. Place those with pre-existing conditions into separate risk pools, charging them risk-rated premiums, and provide taxpayer financed subsidies to make the coverage affordable. c. Mandate that every provider accept individuals with pre-existing conditions on a pro bono basis and subsidize the cost of their care by charging higher prices to those with insurance. d. Allow those individuals with pre-existing conditions to purchase insurance based on their own health status.