When the curve that envelops the series of possible short-run average total cost curves is horizontal, this means that there are:
A. economies of scale.
B. diseconomies of scale.
C. constant returns to scale.
D. diminishing returns.
Answer: C
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Suppose that a mutual fund, Washington Peak Strategic Bond Fund, believes it has hit upon a winning investment strategy.The fund uses an active management strategy to try to outperform the bond market
According to Washington Peak's prospectus, investors need to pay fees of 2 percent annually.Based on the historical success of their active investment strategy, the strategy is projected to generate annual returns (once fees are paid) of 8 percent. A friend of yours is considering investing in Washington Peak and asks you for investment advice. What would you suggest?
Prices influence the distribution of income by making the distribution fairer.
Answer the following statement true (T) or false (F)
When the court determines that a firm's size alone is sufficient to find that it violated antitrust laws, this criterion is called:
A. natural monopoly. B. economies of scale. C. per se. D. rule of reason.
The right to openly support and to elect leaders in a democratic way is known as
A. political freedom. B. economic freedom. C. external freedom. D. constitutional freedom.