Diminishing marginal returns means that the firm definitely is experiencing
A) diseconomies of scale.
B) constant returns to scale.
C) Both answers A and B are correct.
D) Neither answer A nor B is correct.
D
You might also like to view...
The main process by which a recessionary gap is eliminated is a(n)
A. increase in wages that shifts the aggregate supply curve inward. B. drop in wages that shifts the aggregate demand curve inward. C. increase in wages that shifts the aggregate demand curve outward. D. drop in wages that shifts the aggregate supply curve outward.
Cost-push inflation starts with
A) an increase in potential GDP. B) a decrease in aggregate demand. C) a decrease in aggregate supply. D) an increase in aggregate supply. E) an increase in aggregate demand.
Using the values in the table above, and assuming that the real interest rate equals 4, calculate equilibrium values for consumption, household saving, investment, and net exports. Use these values to confirm that the goods market is in equilibrium
What will be an ideal response?
Which of the following is the best definition of money?
a. anything generally accepted as a payment for goods or repayment of debt b. anything that is a liability of the federal government c. anything that is a liability of a commercial bank d. coins and currency in the hands of the public