A firm's total product curve shows that at first it has
A) economies of scale and then diseconomies of scale.
B) diseconomies of scale and then economies of scale.
C) increasing marginal returns and then diminishing marginal returns.
D) diminishing marginal returns and then increasing marginal returns.
C
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Financial intermediaries are institutions that
A) produce money for the federal government. B) regulate the activities of stock and bond markets. C) act as middlemen in the process of directing funds from savers to investors. D) oversee the activities of government institutions such as the Federal Reserve.
Which of the following is not true of monopolists?
a. The entry of new firms is not a major concern. b. Monopolists seek to maximize profits. c. Monopolists can charge any price they want and make a profit. d. Monopolists can choose any point on the market demand curve. e. Monopolists can raise price more than 10 percent.
Which of the following is an example of a foreign direct investment?
a. A French company buying some stocks of an American company b. An American company deciding to buy a Japanese firm c. A Chinese investor purchasing bonds issued by the United States government d. An English national deposits money in an American bank
Finding a method of resource allocation is essential to any medical care system. Which one of the following statements supports this proposition?
a. Because good health is our top priority, we have all the resources necessary to produce all the medical care that we want. b. Resources used in medical care have alternative uses that are also beneficial. c. Resources are plentiful. There are always enough to produce everything that is desired. d. Most people are willing to wait for access to care. Eventually, the resources will be available to provide that care.