Each of the following is a fixed cost except
A. hourly wages.
B. rent.
C. interest payments.
D. insurance premiums.
A. hourly wages.
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With regard to agricultural productivity (grain crops) in the post-Civil War period (1870–1910),
(a) output per acre went up significantly. (b) output per man-hour went up significantly. (c) output per unit of energy input went up significantly. (d) all of the above occurred.
In the median voter theory, the distribution of voters ______.
a. must be normal b. must be even c. may be skewed in some direction d. is unimportant to the candidate
Which of the following is FALSE about indifference curves?
A) They are downward sloping. B) They are convex to the origin. C) They intersect. D) They can shift.
Households receive bonds when they
A. purchase a share of ownership in firms. B. sell shares of a firm's stock. C. borrow money from financial institutions. D. lend money directly to firms.