To find social costs
A) internal and private costs have to be added together.
B) internal and external costs have to be added together.
C) internal and implicit costs have to be added together.
D) internal and production costs have to be added together.
B
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The current exchange rate system in the United States is best described as a
A) silver standard. B) fixed exchange rate system. C) managed float exchange rate system. D) gold standard.
Academic book publishers hire editors, designers, and production and marketing managers who help prepare books for publication
Because these employees work on several books simultaneously, the number of people the company hires will not go up and down with the quantity of books the company publishes during any particular year. The salaries and benefits of people in these job categories will be included in A) fixed cost but not variable cost and total cost. B) fixed cost and marginal cost but not variable cost. C) fixed cost and total cost but not variable cost. D) marginal cost and total cost but not fixed cost.