The minimum wage is an attempt to raise the income of low-income workers

Jackson's Auto Body calculates that its total fixed costs are $3,000 per month. In a month in which the company repairs 20 cars, it finds that its total costs are $12,000 . From this, we can conclude

a. total monthly cost is $15,000 b. marginal cost is $600 c. average fixed cost is $60 d. average variable cost is $450 e. the costs are too high so the company should shut down

Financial aid to college students, quantity discounts, and senior citizen discounts are all examples of

a. consumer surplus. b. deadweight loss. c. price discrimination. d. nonprofit pricing strategies.