______: 2 firms doing 2 activities. If combined produce more.
Fill in the blank(s) with the appropriate word(s).
Answer: Economies of scope
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To use money growth as a short-term monetary policy instrument, a central bank must:
A. believe the deposit expansion multiplier is volatile and unpredictable. B. believe there is a stable link between the monetary base and the rate of inflation. C. believe that only money matters. D. believe that there is an unpredictable relationship between money aggregates and inflation.
Currency includes
a. paper bills and coins. b. demand deposits. c. credit cards. d. Both (a) and (b) are correct.
Which of the following is a disadvantage of? partnerships?
A. Simplicity B. Single layer of taxation C. Cost sharing D. More resources E. Unlimited liability
If the marginal cost were $12, how many units of output would this firm produce?
A. 1
B. 2
C. 3
D. 4