Which of the following causes external diseconomies of scale?
a. a downward-sloping short-run industry supply curve
b. an upward-sloping short-run industry supply curve
c. a downward-sloping long-run industry supply curve
d. an upward-sloping long-run industry supply curve
d. an upward-sloping long-run industry supply curve
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Which of the following best characterizes the profit of a buyer of a futures contract?
A) spot price at settlement minus futures price at purchase B) futures price at settlement minus spot price at purchase C) futures price at purchase minus spot price at settlement D) spot price at purchase minus futures price at settlement
Borrowers:
A. gain from inflation, as the value of their debt decreases. B. lose with inflation, as the value of their debt decreases. C. gain from inflation, as the value of their debt increases. D. lose with inflation, as the value of their debt increases.
Economists who study economic mobility have found that the income of a grandfather and his grandson's income are
a. not closely related. b. negatively related. c. directly related. d. equal.
How much is this firm's ATC?
