For building contractors, doubling the size of an office building does not require double the inputs because there are common walls. This is an example of
a. increasing marginal product
b. diminishing marginal returns
c. economies of scale
d. diseconomies of scale
e. constant returns to scale
C
Economics
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The economic resource that organizes the use of other economic resources is called
A) labor. B) capital. C) entrepreneurship. D) land.
Economics
List and define the two categories of after-tax corporate profits
What will be an ideal response?
Economics
Other things being equal, a decrease in the default risk of corporate bonds shifts the demand curve for corporate bonds to the ________ and the demand curve for Treasury bonds to the ________
A) right; right B) right; left C) left; right D) left; left
Economics
Distinguish between real rate of interest and nominal rate of interest.
What will be an ideal response?
Economics