Author Question: An expansion path shows A) the level of sales necessary for a firm if it wants to expand. B) the ... (Read 37 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
An expansion path shows
 
  A) the level of sales necessary for a firm if it wants to expand.
  B) the level of long-run average cost at different scales of operation.
  C) the returns to scale at each level of output.
  D) the least-cost combination of inputs for each level of output.

Question 2

In a small economy in 2016, aggregate expenditure was 850 million while GDP that year was 800 million. Which of the following can explain the difference between aggregate expenditure and GDP that year?
 
  A) Aggregate expenditure is always less than GDP in developing countries.
  B) Aggregate expenditure is always less than GDP in developed countries.
  C) Firm investment in inventories was less than anticipated in 2016.
  D) Firm investment in inventories was greater than anticipated in 2016.



234sdffa

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

For a complete list of videos, visit our video library