The primary source of scale diseconomies appears to be:
a. a firm's inability to acquire quality resources.
b. too little demand for the firm's product.
c. consumers who resist dealing with large firms.
d. division of labor.
e. the organizational difficulties of managing an ever larger enterprise.
e
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Derive the budget line equation for the case where good 1 is a composite good. What is the vertical intercept and what is the slope?
What will be an ideal response?
Compare the effects of an increase in aggregate demand when the price level is fixed versus when it can change
What will be an ideal response?
When a player in a game adopts a strategy which always yields the highest benefit regardless of what the other player does, that player is using a(n)
A) opportunistic strategy. B) dominant strategy. C) tit-for-tat strategy. D) aggressive strategy.
Other things the same, as the price level falls, the real value of a dollar
a. rises, and interest rates rise. b. rises, and interest rates fall. c. falls, and interest rates rise. d. falls, and interest rates fall.