If a life insurance company does not require a medical exam of its policyholders, it is most likely that the company
A) charges above-average premiums.
B) charges below-average premiums.
C) charges no premiums.
D) has only very healthy policyholders.
A
Economics
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Which of the following costs do not vary with the amount of output a firm produces?
a. average fixed costs b. fixed costs and average fixed costs c. marginal costs and average fixed costs d. fixed costs
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An increase in the supply of labor has the effect of decreasing the
a. wage. b. marginal product of labor. c. value of the marginal product of labor. d. All of the above are correct.
Economics