The change in cost that results from a one-unit increase in output is called the
A) average fixed cost.
B) per-unit variable cost.
C) per-unit total cost.
D) marginal cost.
E) average cost change.
D
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Cost-benefit analysis is just a guide to making a normative decision
a. True b. False
Answer the following statements true (T) or false (F)
1) In peak-load pricing, the capacity decision is made in the short run. 2) In peak-load pricing, the capacity decision is only based on conditions during the peak period. 3) Off-peak demand influences the capacity decision in peak-load pricing. 4) The capacity decision in peak-load pricing is found by setting the peak marginal revenue equal to the long-run marginal cost. 5) In peak-load pricing, the short-run marginal cost is equal to the marginal cost of providing capacity.
In the Unites States, the Gini coefficient was .403 in 1980 and .469 in 2010 . What information on income distribution can be derived from this data?
Consider the labor market for heath care workers. Because of the aging population in the United States, the output price for health care services has increased. Holding all else equal, the equilibrium wage of health care employees would
a. increase. b. decrease. c. not change. d. It is not possible to determine what happens to the equilibrium wage.