What's the firm's contribution margin per unit?
a. $12
b. $10
c. $8
d. $4
d
Economics
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If a production function has two inputs and exhibits constant returns to scale, then doubling both inputs will cause the output to:
A. reduce by half. B. stay the same. C. double. D. quadruple.
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Punitive damages in medical malpractice cases
a. ensure that successful plaintiffs receive full compensation for their losses. b. serve the same purpose as criminal & civil penalties, such as jail sentences & fines. c. redistribute income from defendants to successful plaintiffs. d. ensure that the cost of risk avoidance falls on providers. e. fully compensate victims for their losses.
Economics