Many economists believe that in our modern economy, firm size is most directly determined by
a. concentration ratios that decrease as the number of firms decreases
b. diseconomies of scale that make it less costly to increase firm size
c. easy entry of new firms when there are economies of scale
d. government policies that dictate optimal firm investment levels
e. modern technology that gives an advantage to large-scale production methods
E
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________ economic growth occurs when, after growth, exports and imports rise by the same proportion
A) Rising B) Neutral C) Biased D) Technological
Using the information in the table shown, the marginal revenue:
This table represents the revenues faced by a monopolist.
A. increases, then decreases as output increases.
B. is negative after the 6th unit.
C. increases as output increases.
D. decreases, then increases after the 6th unit.
Which group of economists believes that the velocity of money is not necessarily stable? Explain their reasoning
Good customer service leads to customer satisfaction and loyalty. What are the operational targets your logistics system needs to provide?
a. Product availability b. Timely delivery c. Transparency d. Protection against disruption e. All of the above