"When the cost of producing a unit of a good falls as its output rate increases" is the definition of
A) economies of scope.
B) economies of scale.
C) economic efficiency.
D) technological efficiency.
B
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In the basic Keynesian model, a tax increase:
A. increases short-run equilibrium output. B. reduces potential output. C. increases potential output. D. reduces short-run equilibrium output.
A major factor in the creation and proliferation of comprehensive health care insurance is _____
a. the health care tax credit b. the tax deductibility of employer-paid health plans c. the tremendous increase in the hard core poor d. the increase in low-cost lifesaving techniques
A supply schedule shows the relationship between:
A. demand and supply. B. supply and income. C. price and income. D. quantity supplied and price.
Profit per unit at the profit-maximizing level of output
A. is FE.
B. is GE.
C. is OE.
D. cannot be found on this graph.