Someone once said that Chevrolet is so large that if it shakes its tail, its takes two years for its head to notice it. This is an example of
a. profit centers
b. economies of scale
c. diseconomies of scale
d. diminishing marginal returns
e. diminishing marginal cost
Question 2
The minimum efficient scale for a firm is the
a. lowest rate of output at which long-run average cost is at a minimum
b. lowest rate of output at which short-run average total cost is at a minimum
c. lowest rate of output at which short-run average variable cost is at a minimum
d. average of the rates of output at which long-run average cost is at a minimum
e. average of the rates of output at which short-run average total cost is at a minimum
Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth
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Growth of the body and brain is dramatic over the first 2 years.
The large, white flowers of giant saguaro cactus (Carnegiea gigantea) produce sweet nectar. The flow
Three years old drawing