Refer to the provided graph. Minimum efficient scale occurs at
A) Q3.
B) Q2.
C) Q1.
D) Q4.
Answer: B) Q2.
Economics
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Explain the law of demand. What does it imply about the shape of the demand curve?
What will be an ideal response?
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A professionally managed portfolio of assets intended to provide income to retirees is called:
A. a mutual fund. B. a stock. C. a derivative. D. investing by proxy.
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A movement along a demand curve is called a change in
a. income b. quantity demanded c. demand d. tastes e. population
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Trade among nations is ultimately based on
a. absolute advantage. b. strategic advantage. c. comparative advantage. d. technical advantage.
Economics