Other things being equal, when fixed costs are substantial and minimum efficient scale of production is high, the arguments for concentrating production at a few choice locations are strong
Indicate whether the statement is true or false.
TRUE
A number of technological factors support the economic arguments for concentrating production facilities in a few choice locations or even in a single location. Other things being equal, when fixed costs are substantial, the minimum efficient scale of production is high, and/or flexible manufacturing technologies are available, the arguments for concentrating production at a few choice locations are strong
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Who among the following is considered a statutory insider?
A) Sharon Muller, an editor who was tipped by her friend to buy shares of KYU Corp. B) Robert Morgan, a government employee who owns 10 percent of all equity security of KYU Corp. C) Jim Downey, a graphics engineer who quit KYU Corp. after five years of service D) Kate Harris, a legal consultant to KYU Corp.
A taxpayer would be required to pay Social Security and Medicare taxes for a domestic employee in all but one of the following situations. In which situation would this not be required?
a. A nanny who earns $22,000 a year b. A baby-sitter who earns $1,300 a year c. A cook who is paid $35,000 a year d. A cleaning lady who is paid $8,000 a year e. The taxpayer would not have to pay Social Security and Medicare taxes in any of the above situations