Suppose that the installation, operating, and maintenance costs of a large wind turbine is four times that of a small turbine and has four times the generating capacity. The wind power industry faces
A. constant returns to scale.
B. economies of scale
C. increasing marginal cost.
D. diseconomies of scale.
Answer: A
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Which area in the above figure shows the producer surplus at the price and quantity that would be attained if the industry were perfectly competitive?
A) A + B + C + D + E B) C + D + E + F + G + H C) F + G + H D) F + G + H + I + J + K
Leontief found that
A) U.S. exports are capital intensive relative to U.S. imports. B) U.S. imports are labor intensive relative to U.S. exports. C) U.S. exports are neither labor nor capital intensive. D) None of the above.
A merger between Staples and Office Depot would be a ___________ merger.
A. horizontal B. vertical C. conglomerate D. diversifying
What information would be important for assessing the size of the public debt beside the absolute amount of the public debt?
What will be an ideal response?