Use a long-run average cost curve graph to illustrate how diseconomies of scale would not make it beneficial for two companies to go through with a merger
What will be an ideal response?
Assume the two companies are on ATC1. If they merge, they would move to ATC2 and be on the section of the long-run average cost curve that exhibits diseconomies of scale.
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Paper currency is a
A) fiat money. B) barter money. C) commodity money. D) bond.
Protection in the form of tariffs or quotas is a very inefficient tool for job creation and preservation
Indicate whether the statement is true or false
The Federal Reserve Act of 1913 required all ________ banks to become members of the Federal Reserve System, while ________ banks could choose to become members of the system
A) state; national B) state; municipal C) national; state D) national; municipal
A craft union can raise union members' wages by restricting labor supply through high initiation fees, long apprenticeship periods, or difficult qualifying requirements
Indicate whether the statement is true or false