What is the shape of the total variable cost curve? Explain
What will be an ideal response?
Because more output costs more than less output, total variable costs always rise with output. Therefore, the total variable cost curve always has a positive slope.
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Which of the following would help control the future costs of healthcare?
a. a new government program that would cover the cost of prescription drugs purchased by all healthcare consumers b. an increase in the share of healthcare expenditures financed with low co-payment insurance c. allowing consumers to purchase healthcare insurance from out-of-state providers d. an increase in the tax benefits of purchasing healthcare through one's employer
When numerous Japanese companies buy $100,000,000 worth of goods or services from U.S. producers, ceteris paribus, there will be
A) appreciation in the value of the yen against the dollar. B) depreciation in the value of the yen against the dollar. C) depreciation of the dollar against the yen. D) no change in values of the currencies.