For a moving company, all of the following are examples of variable costs, except
a. Gasoline costs
b. Truck rents
c. Marketing costs
d. None of the above
c
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The Social Security Administration has which program(s) to administer?
A. Disability payments B. Health benefits C. Pensions D. Survivors' benefits E. All of the answer options are correct.
If you place $100 in a bank account that pays 6% at the end of each year, and you leave your $100 and all your interest in the bank, how much will you have in the bank at the end of 7 years with annual compounding?
A) (106)7 B) 7 ? (106) C) 100 ? (1.60)7 D) 100 ? (1.06)7
An indifference curve consists of quantity combinations of two goods that yield:
a. equal marginal utilities. b. negative marginal utilities. c. the same price ratios. d. the same total satisfaction.
Which of the following contains only normative statements?
a. The birth rate is reduced as economies urbanize, but that also leads to a decreased average age of developing countries' populations. b. An increase in the price of corn will decrease the amount of corn purchased. However, it will increase the amount of wheat purchased. c. A decrease in the price of butter will increase the amount of butter purchased, but that would be bad because it would increase Americans' cholesterol levels. d. None of the above contain only normative statements.