Exhibit 6-15 Long-run average cost
?

In Exhibit 6-15, diseconomies of scale are shown in the range of:

A. 0 to 500 units per week.
B. 500 to 1,000 units per week.
C. 1,000 to 2,000 units per week.
D. zero per week.


Answer: C

Economics

You might also like to view...

Refer to Table 2-1. Which of the following would be a mutually agreeable rate of exchange?

A) 1F = 1C B) 1F = 2C C) 1F = 3C D) No exchange rate would be mutually agreeable.

Economics

Which of the following is NOT a key assumption of the classical model?

A) There is a single monopoly seller in many markets for goods and services. B) People cannot be fooled by money illusion. C) People are motivated by self-interest. D) Wages and prices are flexible.

Economics

Which one of the following statements about public debt is most accurate? a. Poor people are burdened by the debt because they pay more in taxes than they receive in interest

b. Poor people gain from the debt because they pay less in taxes than they receive in interest. c. Wealthy people are burdened by the debt because they pay more in taxes than they receive in interest. d. Wealthy people gain from the debt because they pay less in taxes than they receive in interest. e. The debt affects the poor and rich people equally.

Economics

Which does an intention-to-treat parameter measure in a program evaluation study?

A. The effect of participation in the program. B. The effect of the program on those who were eligible but did not participate. C. The effect of being eligible to participate in the program. D. The effect on the probability of participation due to being eligible to participate.

Economics