____ occur(s) when an X percent increase in input use raises output by more than X percent, so that the more the firm produces, the lower its per-unit costs become.
A. Economies of scope
B. Scale economies
C. Product differentiation
D. Perfect competition
Answer: B
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What will be an ideal response?
An increase in taxes would shift the:
A) aggregate demand curve rightward. B) aggregate demand curve leftward. C) aggregate supply curve rightward. D) aggregate supply curve leftward.
A candy bar is an example of a good that is
a. both rival and excludable b. non-rival but excludable c. both non-rival and non-excludable d. rival but non-excludable e. rival but usually produced inefficiently
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a. True b. False Indicate whether the statement is true or false