What is total cost of ownership?
a. it is the expenditure involved in raising capital for a sole proprietorship.
b. it is the expenditure involved in the purchase, use, and maintenance of a product.
c. it is the expenditure involved in securing the owners against business losses and debts.
d. it is the expenditure involved in owning any kind of business in a market economy.

Consider the labor market for heath care workers. because of the aging population in the united states, the output price for health care services has increased. holding all else equal, what effect does this have on the labor market for health care employees? a. the equilibrium wage increases and the equilibrium quantity of labor increases.b. the equilibrium wage increases and the equilibrium quantity of labor decreases.c. the equilibrium wage decreases and the equilibrium quantity of labor increases.d. the equilibrium wage decreases and the equilibrium quantity of labor decreases.