The value of a network
A) is related to how many are in the network.
B) is not related to how many are in the network.
C) is related to its impact on diminishing marginal returns.
D) none of these choices.
A
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The average total cost curves for plants A, B, C and D are shown in the above figure. Which plant is best to use to produce 60 units per day?
A) plant A B) plant B C) plant C D) plant D
As countries that currently use the euro, what are the two ways that Spain and Greece could reduce the prices of their exports and of their domestic goods to remain competitive with their trading partners?
What will be an ideal response?
Price discrimination is based on differences in ________ among groups of consumers and the differences in ________ that will result.
A. cross elasticities of demand; revenues B. price elasticities of demand; profits C. quantities supplied; marginal revenues D. income elasticities of demand; marginal costs
Downward sloping long-run supply curves occur in markets
A) with learning-by-doing. B) with increasing returns to scale. C) with constant returns to scale. D) Either A or B