Which of the following would be classified as a fixed cost for the local supermarket?
A) The cost of the boxes of cereal sold in the store.
B) The salary and any overtime paid the store's manager.
C) The rent from the six-year lease for the building the store uses.
D) The Social Security tax the store pays the federal government on the workers' income.
C
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Why is eradicating child labor seen as an economic investment?
What will be an ideal response?
You are considering staying in college another semester so that you can complete a major in economics. In deciding whether or not to stay you should
a. compare the total cost of your education to the total benefits of your education. b. compare the total cost of your education to the benefits of staying one more semester. c. compare the cost of staying one more semester to the benefits of staying one more semester. d. compare the total benefits of your education to the cost of staying one more semester.