Which of the following industries would see firms reach their minimum efficient scale at relatively low levels of output?
A. Hair salons.
B. Automobile manufacturers.
C. Software companies.
D. Oil refineries.
Answer: A
You might also like to view...
An increase in nominal GDP implies that the country is producing a greater quantity of goods and services
Indicate whether the statement is true or false
The New Keynesian model, is Keynesian in that ________
A) it assumes wages and prices are sticky B) changes in the money supply are taken to be the single most important influence on business movements C) the velocity of money is a constant D) expectations are assumed to be rational
Ford opens a parts manufacturing plant in Haiti, which ships its parts back to the U.S. to be assembled in Detroit. Running the factory in Haiti is an example of:
A. foreign direct investment. B. foreign portfolio investment. C. importing. D. exporting. B. foreign portfolio investment. C. importing. D. exporting.
The cost of capital to a firm is equal to
A) a risk-free rate plus an equity premium. B) a risk-free interest rate. C) an equity premium charged by lenders. D) the Treasury bill rate minus an equity premium.