Draw a graph of the firm's demand,marginal revenue,marginal cost,and average total cost curves.

Employer-provided private health insurance began in the United States because

A) the rising threat of socialism prompted U.S. companies to provide insurance to dampen enthusiasm for socialist reform.
B) during World War II, wage and price controls forced employers to use nonwage forms of compensation to attract workers.
C) poor health conditions at the beginning of the 20th century prompted the U.S. government to require new companies to offer health insurance to employees.
D) the American Medical Association successfully lobbied the U.S. government to provide subsidies to companies offering private health insurance to employees.

According to the law of experience,unit costs cannot be predicted,but they can be reduced.

Conflicts of interest arise when managers act for their own personal benefit rather than for the benefit of shareholders.