Rising health care costs have the following implications, except:
A. Faster growth of wages to workers
B. A growing number of uninsured workers
C. Large numbers of personal bankruptcies
D. Outsourcing and off-shoring of firms' operations
A. Faster growth of wages to workers
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The lack of which of the following represents a scarcity?
a) orange juice because the trucks carrying it are on strike b) enough workers to finish two jobs because there's a limited supply of workers c) enough workers to work at night because the pay is too low d) grapefruit juice because very few people want to buy it
As long as marginal cost is less than average variable cost:
a. both average total costs and average variable costs will be falling. b. average total costs will be falling but average costs may be rising or falling. c. average fixed costs are rising. d. average total costs are falling but average fixed costs may be rising.