In the late nineteenth century, technological improvements and cheaper transportation in the United States led to
a. a decrease in minimum efficient scale in many industries
b. an increase in minimum efficient scale in many industries
c. an overall reduction in productive efficiency
d. a narrowing of markets
e. price increases in many industries
Question 2
The significance of the minimum point on the average variable cost curve is that
a. it is the profit-maximizing level
b. it is the selling price
c. it is the point of indifference between producing at a loss or shutting down
d. if the firm produces one more unit, its AVC will be less than MC
e. it shows the amount of total cost
School age (late childhood): 6–12 years, or to puberty.
Ten Leading Causes of Death in the United States, 2010.
Relationship between Income and Happiness in the United States
Capital-Biased Technological Change
The striking improvements in motor development in the early months
Age structure for the United States