In the long run, a firm might experience rising average total costs due to
a. economies of scale.
b. diseconomies of scale.
c. the law of supply.
d. the law of diminishing marginal returns.
B
You might also like to view...
A cartel is a form of
A) collusion. B) vertical merger. C) noncooperative competition. D) negative sum game.
The world's largest net debtor nation is
a. Russia b. China c. Brazil d. Mexico e. the United States
If the MPS is 1/3, a $100 increase in net exports will
A. increase real Gross Domestic Product (GDP) by $100. B. reduce real Gross Domestic Product (GDP) by $100. C. reduce real Gross Domestic Product (GDP) by $300. D. increase real Gross Domestic Product (GDP) by $300.
If the actual money multiplier equals the potential money multiplier and if the Federal Reserve wishes to increase the money supply by $500 when the reserve ratio is 20 percent, it should
A. sell $1,000 of government bonds. B. buy $1,000 of government bonds. C. buy $100 of government bonds. D. sell $100 of government bonds.