The table in the above figure shows the levels of output resulting from different levels of inputs. Returns to scale are greatest at which level of output?
A) 100-200 units
B) 200-400 units
C) 400-600 units
D) There is insufficient information to answer the question.
A
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Which of the following happens if the long-run real interest rates fall?
A) The demand for loans fall. B) Employment increases. C) Nominal wages fall. D) Imports increase.
Refer to Table 5.1. Ranked highest to lowest in expected income, the majors are
A) economics, accounting, English, mathematics, political science. B) mathematics, English, political science, accounting, economics. C) economics, accounting, mathematics, English, political science. D) English, economics, mathematics, accounting, political science. E) accounting, English, mathematics, political science, economics.
Which of the following is a difference between a binding and a not binding price ceiling?
a. A binding price ceiling causes a shortage in the market, while a not binding price ceiling causes a surplus in the market. b. A binding price ceiling causes a surplus in the market, while a not binding price ceiling causes a shortage in the market. c. A binding price ceiling causes a shortage in the market, while a not binding price ceiling does not affect market behavior. d. A binding price ceiling causes a surplus in the market, while a not binding price ceiling does not affect market behavior.
Soft budget constraints is an idea of:
a. Mises b. Schumpeter c. Kornai d. Keynes e. Smith