What amount of money was appropriated by Congress for the Troubled Asset Relief Program?
A. $225 billion
B. $252 billion
C. $700 billion
D. $787 billion
Answer: C
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Cobb-Douglas production function have decreasing returns to scale.
Answer the following statement true (T) or false (F)
Refer to Figure 11-11. Constant returns to scale
A) occur between 10,000 and 20,000 pictures frames per month. B) occur for output rates greater than 5,000 picture frames. C) occur between 5,000 and 20,000 picture frames per month. D) will shift the long-run average cost curve downward.
Diseconomies of scale occur when high levels of output are produced in a short period of time
a. True b. False Indicate whether the statement is true or false
Allen Steel Company is considering whether to build a new mill. If the interest rate rises,
a. the present value of the returns from the mill will fall, so Allen will be less likely to build the mill. b. the present value of the returns from the mill will fall, so Allen will be more likely to build the mill. c. the present value of the returns from the mill will rise, so Allen will be less likely to build the mill. d. the present value of the returns from the mill will rise, so Allen will be more likely to build the mill.