Under which conditions might diseconomies of scale result?
A. improved coordination brought about by bureaucracy
B. increasing price of inputs
C. increasing output prices
D. usage of a large amount of indivisible inputs by the firm
Answer: B
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If marginal productivity is decreasing as more labor is hired, then average productivity must be decreasing as well
Indicate whether the statement is true or false
The twelve district banks of the Federal Reserve System were created to decentralize power and to respond to the public's fears of the monopoly power of a single central bank such as the Bank of England or the Bank of Japan
a. True b. False Indicate whether the statement is true or false
As we move upward along a linear demand curve, the price elasticity of the demand:
A. increases. B. decreases. C. remains the same. D. increases up to the midpoint and then decreases.
Changes in weather cause abrupt shifts in the food supply curve that result in price fluctuations.
Answer the following statement true (T) or false (F)