The special cost structure that is necessary for a firm to adopt a peak-load pricing policy is:
A. economies of scope.
B. economies of scale.
C. constant marginal cost.
D. limited capacity.
Answer: D
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Use the following graph of the total demand for money to answer the next question.
Assume we begin at point a. An increase in the real GDP will can be shown as a move to ________.
A. point b B. point c C. point d D. point e
A nationally chartered bank is a commercial bank that receives its charter from the Comptroller of the Currency and is subject to both federal law and the laws of the state in which it operates
Indicate whether the statement is true or false
The downward sloping marginal revenue product of labor is
A. another term for the marginal revenue product of labor. B. the firm's short-run demand for labor. C. the firm's supply of labor. D. the firm's marginal cost of labor.
All of the following are possible criticisms of social regulation EXCEPT
A. that the regulations lead to higher production costs. B. that the costs may outweigh the benefits. C. that social regulation may create anticompetitive effects. D. that the regulations have not resulted in safer working conditions.