Static effects are the overall growth in the market and the impact on a company caused by expanding production and by the company's ability to achieve greater economies of scale.
a. true
b. false
b. false
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If a perfectly competitive seller is maximizing profit and is making zero economic profit, which of the following will this seller do?
A) go to work in the next-best earning opportunity B) shut down, with a loss equal to total fixed cost C) continue at the current output, making zero economic profit D) increase production in order to make an economic profit E) remain open but decrease production in order to make an economic profit
Members of the Board of Governors are appointed by the president of the U.S. and confirmed by the U.S. Senate
a. True b. False Indicate whether the statement is true or false
After there has been a change in bank reserves, the multiplier process continues until:
A. required reserves are the same for all banks. B. banks start to extend new loans. C. the Fed runs out of government securities. D. each bank holds its desired reserve-to-deposit ratio.
Which of the following will occur when the capital stock increases?
A) profit per unit of capital will increase B) profit per unit of capital will decrease C) there will be no change in profit per unit of capital D) there will be an ambiguous effect on profit per unit of capital E) none of the above