It is possible that if a monopoly is broken up, the cost of production for that product could increase.

Answer the following statement true (T) or false (F)


True

Economics

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Suppose Ariana deposits $75,000 in her bank. If the reserve ratio is 20 percent, this will lead to a maximum increase of ________ in checking account balances throughout all banks

A) $15,000 B) $375,000 C) $750,000 D) $1,500,000

Economics

Consider the total cost of traveling from point A to point B

The cost of traveling by car would include the cost of gasoline and the opportunity cost of time; the cost of hopping on a bus would include the bus ticket and the opportunity cost of time. Assume that the bus ticket costs less than the gasoline. Does this imply that using a bus to get to the destination involves lower total costs than getting there by car? What if the bus doesn't take the fastest route from point A to point B?

Economics

If a firm experiencing "economies of scale" decreases its output, its long-run average cost will decrease

a. True b. False

Economics

Explain with examples the reasoning behind the positive slope of the LRAC curve at higher levels of output

Economics