Minimum efficient scale
A. is the lowest rate of output per unit of time at which long-run average costs reach a minimum for a particular firm.
B. is the point at which diseconomies of scale begin for a particular firm.
C. is the point at which economies of scale begin for a particular firm.
D. applies only to firms with U-shaped long-run average cost curves.
Answer: A
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A) -$50 billion. B) $50 billion. C) $475 billion. D) $900 billion.
Explain the traditional interest-rate channel for expansionary monetary policy. Explain how a tight monetary policy affects the economy through this channel
What will be an ideal response?
Marginal utility measures the increase in total utility you derive from consuming one more unit of a good
a. True b. False Indicate whether the statement is true or false
Arrange the following goods from least to most elastic, explaining your ordering: gasoline, Exxon gas, Exxon gas at a particular gas station