Which of the following would be classified as a fixed cost for the local supermarket?
A) The cost of the boxes of cereal sold in the store.
B) The salary and any overtime paid the store's manager.
C) The rent from the six-year lease for the building the store uses.
D) The Social Security tax the store pays the federal government on the workers' income.
C
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Under the cartel, the individual firm's quantity is (assuming it obeys its quota) 
Figure 42.2
A. Q1. B. Q2. C. Qa. D. Qb.
In general terms describe trends in the inflation rate, considering the period since 1953 . How are these trends related to movements in the inflation rate over this period?
What will be an ideal response?
Which of the following would be of particular interest to a microeconomist?
a. amount of fruit the typical household consumes b. nation's inflation rate c. nation's rate of unemployment d. budget of the national government e. growth rate of the economy
What evidence is there that the transaction costs involved with the buying and selling of stocks is low?
What will be an ideal response?