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
Harriet Beecher Stowe’s novel, Uncle Tom’s Cabin, became a staple of the mid-nineteenth-century thea
Tom Wills-Wright, Burj Al-Arab, Dubai, United Arab Emirates.
Execution in the United States
Predicted Temperature Trends Through the 21st Century
GDP per Capita in the United States, the United Kingdom, and Japan, 1870–2009
The striking improvements in motor development in the early months