When a firm is experiencing diseconomies of scale
A) the MP curve has a negative slope.
B) the LRAC curve has a positive slope.
C) it must also experience diminishing returns to labor.
D) the MC curve has a negative slope.
B
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Figure 3-15
Refer to . Which area represents producer surplus when the price is P1?
a.
BCE
b.
ACF
c.
ABED
d.
DEF
The one major sport to have lost an entire season to a work stoppage was
A. baseball. B. football. C. hockey. D. NASCAR.
A persistently declining price level resulting from economic growth and unchanged aggregate demand is called
A. supply-side deflation. B. demand-side deflation. C. ozian deflation. D. secular deflation.
Which of the following will NOT shift the aggregate demand curve?
A. a change in government expenditures B. depreciation in the value of the national currency C. a change in the domestic marginal tax rates D. a change in the domestic price level