The fact that since 1990 the number of movie screens in the United States has grown faster than the number of theaters illustrates the benefits of
a. economies of scale
b. constant long-run average cost
c. diseconomies of scale
d. increasing long-run average cost
e. a U-shaped marginal cost curve
A
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Assume the exchange rate is 1 U.S. dollar equals 1.10 Canadian dollars. If purchasing power parity is correct, a DVD that has a price of $10 in Rochester, New York, in Canada has a price of ________ Canadian dollars
A) 10.00 B) 10.10 C) 11.00 D) 11.11 E) 9.09
Following a tax cut by government, domestic investment will ________ and net exports will ________
A) increase; decrease B) decrease; decrease C) increase; increase D) decrease; increase
The stimulation of a large economy aimed at increasing growth in the rest of the world is commonly known as
A) pass-through effect. B) locomotive effect C) investment effect. D) domino effect.
Marginal cost
a. Is the additional cost incurred by producing and selling one more unit b. Is the total cost incurred by producing and selling one more unit c. Is the additional fixed cost incurred by producing and selling one more unit d. None of the above