Much of the research on the minimum efficient scale suggests that for many firms, economies of scale are:
A) relatively modest.
B) nonexistent.
C) substantial.
D) heavily dependent on the minimum efficient scale of the firm's production process.
A
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In the above figure, the equilibrium level of planned saving plus net taxes is
A) $1.0 trillion. B) $2.0 trillion. C) $3.0 trillion. D) $4.0 trillion.
Consider an economy in which all labor markets are perfectly competitive, all workers are equally able to do any job, and the nonwage attributes of all jobs are equally attractive to all workers. Which of the following would occur in a labor market where the current wage rate exceeds wage rates in alternate markets?
a. Labor demand will decrease, and the equilibrium wage rate will fall. b. Labor demand will increase, and the equilibrium wage rate will fall. c. Labor demand will increase, and the equilibrium wage rate will rise. d. Labor supply will decrease, and the equilibrium wage rate will rise. e. Labor supply will increase, and the equilibrium wage rate will fall.
The U.S. income tax
a. discourages saving. b. encourages saving. c. has no effect on saving. d. will reduce the administrative burden of taxation.
Securities are? ____ for the person who buys? them, but? ____ for the? individual/firm that sells them.
A) assets; liabilities B) liabilities; assets C) income; liabilities D) liabilities;