Fill in this table. Assume that fixed cost is $100.
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Hutch Technology makes computer monitors, which sell for $100 each. What is the opportunity cost of 10 monitors?
A. $1,000 B. The other goods that could be produced with the resources that produce the 10 monitors C. The profits that Hutch earns when 10 monitors are sold D. The lost profits that Hutch if the monitors are not produced E. All of the responses are correct.
In Japan, residents pay for most routine and preventive medical care
Indicate whether the statement is true or false
Dividing fiscal policy into two instruments has the effect of introducing another policy target:
A) the interest rate. B) the national debt. C) the unemployment rate. D) the division of output between public and private spending.
Suppose that the ratio of retirees to working citizens is currently 1 to 5, meaning that there are 5 working people for every retiree. Suppose that in thirty years the ratio will change to 1 to 2. If benefits remain the same, what will happen to the tax rate assuming retirees are provided benefits in a pay-as-you-go system? How much would benefits decrease if the tax rate remained the same?
What will be an ideal response?