Suppose that a firm's long-run average total costs of producing an individual income tax return is $75 when it produces 1,000 returns and $75 when it produces 1,200 returns. For this range of output, the firm is experiencing
a. economies of scale.
b. constant returns to scale.
c. diseconomies of scale.
d. specialization.
b
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Keynesians prefer a disinflation policy of
A) cold turkey. B) stabilization. C) gradualism. D) aggregate demand management.
Chandler (1994) maintains that domestic labor productivity has a tendency to dip with
(a) a decrease in the variety and number of new goods and services. (b) flat consumer demand. (c) increased foreign competition. (d) all of the above.
Providing medical services for smaller fees to the poor than to the rich is
a. misplaced charity. b. benevolent pricing. c. price discrimination. d. social pricing.
The massive shift of population and industry out the large central cities from the late 1940s through the 1960s was caused by
A. terrorist attacks. B. the mechanization of agriculture. C. suburbanization. D. the widespread use of electricity. E. fear of nuclear war.