A firm is said to enjoy economies of scale over the range of output for which the long-run average cost is
a. increasing.
b. constant.
c. decreasing.
d. stagnant.
c. decreasing.
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Which of the following is not a precipitating event that Zahra identifies as motivating the decision to act entrepreneurially?
a. market instability b. competitive threat from rivals c. new demand for a firm's products d. a big increase in earnings
An example of a joint category of two variables is the count of all non-drinkers who are also nonsmokers
a. True b. False Indicate whether the statement is true or false
The future value of $100 received today and deposited at 6 percent for four years is closest to ________.
A) $126 B) $ 79 C) $124 D) $116
Fifteen people were given two types of cereal, Brand X and Brand Y. Two people preferred Brand X and thirteen people preferred Brand Y. We want to determine whether or not customers prefer one brand over the other. To test the null hypothesis, the appropriate probability distribution to use is
A. normal. B. chi-square. C. Poisson. D. binomial.