Large firms can take advantage of economies of ___________.
Fill in the blank(s) with the appropriate word(s).
scale
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Which of the following is a true statement about the length of recessions and expansions in the United States economy?
A) After 1950, the length of expansions were much less than the length of recessions. B) After 1950, the length of expansions were brief and almost nonexistent. C) After 1950, the length of expansions were much longer than the length of recessions. D) After 1950, the length of expansions equaled the length of recessions.
People frequently confuse facts with judgments that are based on beliefs. This means that people have trouble making the distinction between:
A. political statements and non-political statements. B. rational statements and irrational statements. C. macroeconomics and microeconomics. D. positive statements and normative statements.
A Real Option Value is:
a. An option that been deflated by the cost of living index makes it a "real" option. b. An opportunity cost of capital. c. An opportunity to implement cost savings or revenue expansion in a flexible business plan. d. An objective function and a decision rule that comes from it. e. Both a and b.
The Federal Deposit Insurance Corporation insures
a. savings accounts against unlawful transfer into checking accounts. b. bank deposits against the failure of an individual bank. c. that the bank will maintain sufficient required reserves. d. bank buildings and property against fire and theft.