Refer to the table below. Over what range of output are economies of scale experienced by this firm?
Plant sizes get larger as you move from ATC-1 to ATC-4.
A. 1500 to 3000
B. 1500 to 3500
C. 2000 to 3500
D. 2000 to 4000
B. 1500 to 3500
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A fair game is a game in which the chances are 50-50 that you win or lose
Indicate whether the statement is true or false
The term market always refers to
a. an arrangement in which buyers and sellers meet at a specific time and place. b. an arrangement in which an auctioneer plays at least a limited role in setting prices. c. a group of buyers and sellers of a particular good or service. d. All of the above are correct.
When net capital outflows are negative,
A) capital inflows are greater than capital outflows. B) net factor payments must be positive. C) the current account must be negative. D) foreign direct investment must be greater than foreign portfolio investment.
Which of the following accurately shows the difference between (A) those who criticize advertising and (B) those who support advertising?
a. (A) claims ads provide misleading information; (B) claims ads provide helpful information. b. (A) claims ads promotes substitutes; (B) claims ads reduce substitutes. c. (A) claims ads reduce prices; (B) claims ads increase prices. d. (A) claims ads enhance consumer tastes; (B) claims ads alter consumer tastes.