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
During drought years on the Galapagos, small, easily eaten seeds become rare, le
The proportion of obese and extremely obese adults in the United States has increased over the past
Toddler: 1–3 years.
Preschool: 3–6 years.
Average Years of Schooling versus GDP per Capita
A $50 000 bond bearing interest at 6.5% bond payable semi-annually matures in 10 years. If it ...