Refer to the table below. The total fixed cost of production is:

In general, the optimal taxation literature finds that a society can maximize social welfare through income redistribution

a. True b. False

Though many assets can be used as a store of value, money is a particularly attractive method to store value because:

a. it increases in value as prices rise. b. its purchasing power does not decline when prices rise. c. it is the most liquid of all assets. d. it is backed by gold.