A decrease in the price level causes a lower equilibrium quantity demanded
a. True
b. False
Indicate whether the statement is true or false
False
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The average total cost curves for plants A, B, C and D are shown in the above figure. Which plant is best to use to produce 80 units per day?
A) plant A B) plant B C) plant C D) plant D
Explain why a change in income tax rates causes the consumption schedule to change slope
Which of the following incurs a primarily nonpecuniary cost?
a. a factory blocking out the sound of birds b. a truck smashing through a fence c. a new building site that requires purchasing someone’s land d. a chemical spill that destroys a driveway
The merger between two general merchandise stores, Sears and Kmart, each of which carried some specialty items, most likely produced:
A. economies of scale but not economies of scope. B. neither economies of scope nor economies of scale. C. economies of scope but not economies of scale. D. both economies of scope and economies of scale.