Under which conditions might diseconomies of scale result?
A. improved coordination brought about by bureaucracy
B. increasing price of inputs
C. increasing output prices
D. usage of a large amount of indivisible inputs by the firm
Answer: B
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The decision about how much money to hold is an application of the:
A. cost-benefit principle. B. scarcity principle. C. principle of comparative advantage. D. equilibrium principle.
A Nash equilibrium occurs if ________
A) each player chooses strategies that are mutual best responses B) each player chooses his or her dominant strategy C) each player chooses only a pure strategy D) each player chooses only a mixed strategy
Give five examples of factors that could reduce the demand for money
What will be an ideal response?
In a general equilibrium model, a tax on a single factor in its use only in a particular sector can affect returns to all factors in all sectors.
A. True B. False C. Uncertain