For cities that provide snow removal, which of the following is a fixed cost?
a. gasoline for snow plows
b. wages for snow plow drivers
c. purchase of snow removal equipment
d. purchase of salt or other substances used to melt snow
Answer: c. purchase of snow removal equipment
Economics
You might also like to view...
If a $500 tax is placed legally (statutorily) on the sellers of new violins and as a result the price of violins to consumers rises by $400, then the actual burden of the tax
a. falls completely on violin buyers. b. falls completely on violin sellers. c. is $400 on violin buyers and $100 on sellers. d. is $100 on violin buyers and $400 on sellers.
Economics
Imports from China represent ____ of total U.S. imports.
A. less than 20 percent B. approximately 40 percent C. approximately 60 percent D. more than 80 percent
Economics