A movement from A to C in Figure 7.2 may represent
A) economies of scale.
B) diseconomies of scale.
C) learning.
D) economies of scope.
E) diseconomies of scope.
C
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Which of the following is an unit excise tax?
A. A tax of 15% B. An admission fee of $2.00 on each ticket purchased C. An ad valorem tax of $3.00 D. An income tax of $3.00
Plowback refers to the profits management decides to keep and reinvest in the firm's operations
a. True b. False Indicate whether the statement is true or false
Graphically, the marginal revenue curve of a monopolist
a. will sometimes lie below the demand curve of the monopolist. b. will always lie below the demand curve of the monopolist. c. is the same as the demand curve of the monopolist. d. will equal -1 when the elasticity of demand is unitary.
Estimations of demand are used as input in this type of scenario:
A. understanding the demand for oil in order to impose a new oil import tax. B. understanding automobile demand to decide whether to offer below-market-rate loans for new cars. C. as input into a firm's decision-making process. D. all of the above