Refer to the information provided in Figure 9.7 below to answer the question(s) that follow. 
Figure 9.7 Refer to Figure 9.7. The type of industry depicted in this situation is
A. an increasing-cost industry.
B. a constant-cost industry.
C. a decreasing-cost industry.
D. impossible to determine from this information.
Answer: A
You might also like to view...
How might China benefit from adopting a flexible exchange rate policy?
What will be an ideal response?
There is an adverse supply shock. In response the Federal Reserve pursues an expansionary monetary policy. Taking into account both the shock and the Federal Reserve's policy, which of the following are we sure of?
a. unemployment will be higher b. unemployment will be lower c. inflation will be higher d. inflation will be lower
The adoption of widespread use of computers contributed to the productivity speed-up from 1995 to 2000.
Answer the following statement true (T) or false (F)
Suppose that the total utility of consuming the first piece of chewing gum in a packet is 30. This means that marginal utility of consuming the first piece of gum is:
A. less than 30. B. zero. C. 30. D. more than 30.