Production technology determines the relationship of total cost to outputs
a. True
b. False
Indicate whether the statement is true or false
True
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Investment pools gathered from a small number of very wealthy individuals or institutions are referred to as:
A) capital investment. B) institutional savings. C) fixed deposits. D) hedge funds.
Over the years, the U.S. economy has become increasingly
A) monopolistic. B) oligopolistic. C) competitive. D) cartelized.
Write an essay on the role of Congress in U.S. trade policy since 1930
What will be an ideal response?
The law of diminishing returns explains why
a. monopolies have a guaranteed profit margin b. short-run MC and AVC curves are U-shaped c. the production possibilities curve is bowed out d. long run supply curves are downward sloping e. total product is a straight line