Diseconomies of scale often arise because higher production levels allow specialization among workers
a. True
b. False
Indicate whether the statement is true or false
False
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A graph of the relationship between two variables is a line that slopes down to the right. These two variables are ________ related
A) trend-line B) negatively C) positively D) not E) directly
According to critics, the Utah Pie case represents a failure by the Supreme Court to distinguish between injury to competition that benefits consumers and injury to a specific competitor
a. True b. False Indicate whether the statement is true or false
If 100 lumberjacks generate $5,000 in real GDP, the output per laborer would be
a. 0.02 b. 0.05 c. 50 d. 100 e. 5,000
If a firm stops production, then its:
A. total costs may increase or decrease. B. variable costs drop to zero. C. fixed costs rise. D. All of these are true.