Total fixed cost falls as output expands
a. True
b. False
Indicate whether the statement is true or false
False
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The above figure shows the market for neckties. Based on the graph, how much tax per necktie has been imposed by the government?
A) $1.25 per tie B) $1.00 per tie C) $0.75 per tie D) More information is needed to determine the tax that the government has imposed.
High-deductible insurance plans have all but disappeared.
a. true b. false
All of the following contribute to income inequality EXCEPT
A. differences in talent. B. government transfer programs. C. differences in job tastes. D. differences in education and training.
(Advanced analysis) Indy has $2,000 invested in a financial asset earning an annually compounded interest rate of 6 percent. Approximately how many years will it take before Indy's investment is worth $5,000?
A. 25. B. 10.5. C. 12.8. D. 15.7.