In the diagram, the range of diminishing marginal returns is:
A. 0Q 3 .
B. 0Q
C. Q 1 Q 2 .
D. Q 1 Q
D. Q 1 Q
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When one firm can supply many goods through simultaneous production at higher savings,
A. it has achieved peak production. B. it has vertically integrated. C. it has horizontal integration. D. it has economies of scope.
From the highest percentage to the lowest percentage, the percentage of revenues earned by businesses in the United States is represented by which of the following?
A) corporations, partnerships, sole proprietorships B) partnerships, corporations, sole proprietorships C) sole proprietorships, partnerships, corporations D) corporations, sole proprietorships, partnerships
The dominant school of economic thought until midway through the Great Depression of the 1930s was:
a. classical. b. Keynesian. c. monetarism. d. supply-side. e. rational expectations.
People are unlikely to choose to pay extra for a low-emissions automobile, because they:
A. do not fully understand the environmental benefits of lower emissions. B. are better off "free-riding" on others' attempts to reduce emissions. C. would have to sacrifice fuel efficiency and automotive performance. D. cannot afford the extra expense of "green" technology.