The learning curve is the relationship between
A) returns to scale and cumulative costs.
B) marginal costs and current output.
C) marginal product of labor and current output.
D) average costs and cumulative output.
D
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Which of the following statements is (are) true concerning a pure competition situation?
a. Its demand curve is represented by a vertical line. b. Firms must sell at or below market price. c. Marginal revenue is equal to price. d. both b and c e. both a and b
Research associates obesity with a higher risk of all the following conditions except:
a. depression. b. type 1 diabetes. c. stroke. d. cancer. e. cardiovascular disease.
The information revolution is:
A. putting upward pressure on wages. B. increasing manufacturing employment. C. changing the nature of employment. D. reducing overall employment.
Can you identify which of the following forces does not form part of Porter's Competitive Position Analysis?
Risk of losses Supplier power Threat of new entry Competitive rivalry Buyer power