When Talking to the PTA Group of Her Middle School

question 70

Multiple Choice

When talking to the PTA group of her middle school, Ms.Kumin, the principal, advised the parents that the best way they could reduce the risk of head injuries for their children would be to ____.

• A)make sure the children wear helmets while skateboarding and bicycling
• B)ride in the back seat of passenger vehicles
• C)avoid dangerous activities such as skateboarding and bicycling
• D)avoid participating in contact sports

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Definitions:

Fixed Costs

Costs that do not change with the level of output produced, such as rent, salaries, and loan payments.

Long Run

A period of time sufficiently long that all inputs or factors of production can be varied by firms, allowing them to fully adjust to market conditions.

Variable Costs

Expenses that vary directly with the amount of production or business activity.

Fixed Costs

Costs that do not change with the level of output or production, such as rent or salaries.