Diseconomies of scale occur
a. before the optimal scale is reached.
b. at the optimal scale of operation.
c. after the optimal scale is reached.
d. prior to the lowest point of the ATC curve.
c. after the optimal scale is reached.
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Why is the MC curve of cleaning pollution upward sloping?
A. Increasing opportunity costs of cleaning pollution. B. There are less and less benefits to outweigh the costs. C. There are increased incentives for cleaning pollution. D. Citizens must pay more of their taxes to clean the pollution.
Interest rates in the economy have fallen. How will this affect aggregate demand and equilibrium in the short run?
A) Aggregate demand will rise, the equilibrium price level will fall, and the equilibrium level of GDP will rise. B) Aggregate demand will fall, the equilibrium price level will rise, and the equilibrium level of GDP will fall. C) Aggregate demand will rise, the equilibrium price level will rise, and the equilibrium level of GDP will rise. D) Aggregate demand will fall, the equilibrium price level will fall, and the equilibrium level of GDP will fall.
The Public Company Oversight Board oversees accounting regulation in the United States
Indicate whether the statement is true or false
Assume an economy experienced a positive rate of inflation between 2003 and 2004 and again between 2004 and 2005 . However, the inflation rate was lower between 2004 and 2005 than it was between 2003 and 2004 . Which of the following scenarios is consistent with this assumption?
a. The CPI was 100 in 2003, 110 in 2004, and 105 in 2005. b. The CPI was 100 in 2003, 120 in 2004, and 135 in 2005. c. The CPI was 100 in 2003, 105 in 2004, and 130 in 2005. d. The CPI was 100 in 2003, 90 in 2004, and 88 in 2005.