Diseconomies of scale imply that the average total cost curve is downward-sloping in the long run.
Answer the following statement true (T) or false (F)
False
Diseconomies of scale imply that the average total cost curve is upward-sloping in the long run.
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The U.S. government suspended the convertibility of the dollar into gold in
A) the 1930s. B) the 1950s. C) the 1970s. D) 1991, when the first Gulf War broke out.
The change in the purchasing power of dollar-denominated assets (such as cash holdings) is the
A) money effect. B) interest rate effect. C) asset effect. D) real balance effect. E) none of the above
(Last Word) The Glass-Steagall Act of 1933:
A. encouraged the creation of large, interconnected financial services firms. B. was a primary cause of the 2007-2008 financial crisis and subsequent recession. C. created banks "too big to fail" and "too big to jail." D. separated high-risk and low-risk financial activities across different firms.
Answer the question based on the following list of factors that are related to the aggregate demand curve.
Refer to the list above. Investment spending would most likely be influenced by changes in:
A. 1 and 3
B. 4 and 6
C. 5 and 10
D. 8 and 9