The firm's short-run supply curve begins at an output of
A. 0.
B. 40.
C. 45.
D. 50.
B. 40.
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What is the relationship between average fixed cost and output?
What will be an ideal response?
A regressive tax is a tax for which people with lower incomes
A) pay the same percentage of their incomes in tax as do people with higher incomes. B) do not have to pay unless their incomes exceeds a certain amount. C) pay a lower percentage of their incomes in tax than do people with higher incomes. D) pay a higher percentage of their incomes in tax than do people with higher incomes.
Which of the following is true?
A) Most stockholders own stock because they want to run the business. B) The shareholders of a large well-established firm are guaranteed to earn a real rate of return of about seven percent in the future. C) Ownership of a corporate bond provides the bondholder with an ownership right to a fraction of the firm's future profits. D) Stock ownership makes it possible for investors to own a fractional share of a firm's future profits even if they do not participate in the operation of the firm.
Business lobbyists tend to argue against a living wage law by arguing that it is a price:
A. floor that will cause a shortage of labor. B. ceiling that will cause a shortage of labor. C. ceiling that will cause a surplus of labor. D. floor that will cause a surplus of labor.