Which of the following is a fixed cost for Wendy's Hamburgers?
a. the cost of beef
b. electricity to light up the Wendy's sign
c. gasoline for the trucks that deliver supplies to the various franchises
d. interest on funds borrowed to build new facilities
e. expenditures on paper and plastic for packaging
D
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Price ceiling/ cap
What will be an ideal response?
The cost of repositioning an automobile gas tank for greater safety is $11 per vehicle for 12.5 million vehicles. It is expected that 180 deaths will occur if the gas tank location is not redesigned. If a human life can be valued at $500,000, the expected benefit of redesigning the location of the gas tank is:
A. $900,000,000. B. $550,000,000. C. $90,000,000. D. $5,500,000.
Refer to the information provided in Figure 19.1 below to answer the question(s) that follow. 
Figure 19.1 Refer to Figure 19.1. After firms can respond to the payroll tax, employment will have
A. decreased by 100. B. decreased by 200. C. increased by 50. D. increased by 150.
A "free rider" in economic theory is someone who
What will be an ideal response?