As the firm in the above diagram expands from plant size #1 to plant size #3, it experiences:
A. economies of scale.
B. diseconomies of scale.
C. constant costs.
D. diminishing returns.
Answer: A
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The rate of natural increase in the population of developing countries is most correlated with
(a) advances in developed country technology (b) increases in developing country income (c) an increase in the fertility rate (d) all of the above.
As a patent in a the pharmaceutical industry expires, the market for these drugs
a. Can now be categorized as a competitive market b. Can now be categorized as a monopolistic market c. Was and is still a monopolistic market d. Was and is still a competitive market
The productivity speed-up in the United States could be explained by
a. improvements in labor force quality. b. falling energy prices. c. rising rates of domestic saving. d. advances in information technology.
Every adult who was not employed during the previous four weeks is included in the Bureau of Labor Statistics' "unemployed" category
a. True b. False Indicate whether the statement is true or false