Economies of scale:
a. are the result of a diminishing marginal product.
b. pertain to the long run only.
c. refer to the increase in output that results from the increased utilization of a single input.
d. imply that the average total cost curve will fall continuously as output increases in the short run.
Question 2
The housing bubble experienced in 2006 in the U.S. was exhibited by the extraordinary rise in the ratio of prices of houses to rents on houses.
a. True
b. False
Indicate whether the statement is true or false
Long-term studies of the Glanville fritillary butterfly, Melitaea cinxia, have provided exceptional
Greenstick Only one side of the shaft is broken, and the other is bent (like a greenstick); usually
Colles’ A break in the distal portion of the radius; often the result of reaching out to cushion a f
The monthly changes of angle between the direction of illumination by the Sun and viewing from Earth
Human activity has released carbon from sequestration in long-term reservoirs
The Effect of Using a Ratio Scale