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
Development encompasses both gains and losses. Sometimes a health crisis (loss) can result in a heal
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Rapid, long-distance signaling in plants
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To find the derivative use product rule
Excel hardware is introducing a new product on a new product line of capacity 800 units per ...