Apublic good
multiple choice
a. cannot be provided to one person without making it available to others as well.
b. generally results in substantial negative externalities.
c. costs essentially nothing to produce and is thus provided by the government at a zero price.
d. can never be provided by a nongovernmental organization.

Describe what fixed costs and marginal costs mean to a company.

Crossminus−sectional ratio analysis is used to a. correct expected problems in operations b. provide conclusive evidence of the existence of a problem c. measure relative performance of a firm with its peers d. isolate the causes of problems

Airline companies are interested in the consistency of the number of babies on each flight, so that they have adequate safety equipment. suppose an airline conducts a survey. over weekend, it surveys 6 flights from boston to salt lake city to determine the number of babies on the flights. it determines the amount of safety equipment needed by the result of that study.