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Author Question: The introduction of seat belts increased the number of accidents, even though the number of ... (Read 150 times)

lindiwe

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on: Jul 1, 2018
The introduction of seat belts increased the number of accidents, even though the number of fatalities decreased. This is most likely a result of
 a. Moral hazard
 b. Adverse selection
 c. seat belts distracting drivers
  d. None of the above

Question 2

A firm produces 100 . units per week. It hires 10 full-time workers (40 hours/week) at an hourly wage of 20 . Raw materials are ordered weekly and they costs 5 for every unit produced. The weekly cost of the rent payment for the factory is 1,500 . How do the overall costs breakdown for the week?
 a. total variable cost is 5,000 . total fixed cost is 1,500 . total cost is 6,500
  b. total variable cost is 5,000 . total fixed cost is 9,500 . total cost is 14,500
  c. total variable cost is 13,000 . total fixed cost is 1,500 . total cost is 14,500
  d. total variable cost is 13,000 . total fixed cost is 9,500 . total cost is 22,500


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amanda_14

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


lindiwe

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Reply #2 on: Jul 1, 2018
Thank you :)


amanda_14

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Reply #3 on: Jul 1, 2018
Happy to help you


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