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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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
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