Refer to the data. Total fixed cost is:
A. $6.25.
B. $100.00.
C. $150.00.
D. $50.00.
D. $50.00.
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The sharp decline in domestic freight costs during the antebellum period was primarily due to the introduction of:
a. railroads. b. paved roads. c. clipper ships. d. canals and steamboats.
If a good has a price elasticity of demand coefficient greater than 1, total revenue can be increased by raising the price
a. True b. False Indicate whether the statement is true or false
In the signaling theory of education,
a. schooling itself does not lead to more productive workers. b. chance plays more of a role than in the human-capital theory. c. schooling enhances worker productivity. d. compensating differentials do not matter.
If the U.S. Supreme Court ruled that states could no longer require people to have auto insurance, do you think most people would cancel their policies? Explain.
What will be an ideal response?