Diseconomies of scale exist for all of the following reasons except
a. bureaucratic inefficiencies
b. management problems
c. failures in information flows
d. firm size is too small
e. organizational problems
D
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In 2010, about
A) 20 percent of foreign exchange transactions involved exchanges of foreign currencies for U.S. dollars. B) 10 percent of foreign exchange transactions involved exchanges of foreign currencies for U.S. dollars. C) 30 percent of foreign exchange transactions involved exchanges of foreign currencies for U.S. dollars. D) 40 percent of foreign exchange transactions involved exchanges of foreign currencies for U.S. dollars. E) 85 percent of foreign exchange transactions involved exchanges of foreign currencies for U.S. dollars.
Refer to Scenario 12.2. What is the profit maximizing level of output?
A) 171.43 B) 120 C) 150 D) all of the above E) none of the above
If an athlete were to pick the sport where it would be the easiest to move to a desired city, it would be
A. NBA basketball. B. European soccer. C. NFL football. D. Major League Baseball.
What two assumptions are traditional economists more likely to make compared to behavioral economists?
A. Rationality and self-interest. B. Not all information is available, and the invisible hand is efficient. C. Incentives are important, and people base decisions on the economic decision rule. D. Purposeful behavior and predictable irrationality.