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.
The Seringapatam medal shows a lion defeating a tiger
Gene duplication and mutation: one path to generate new enzymatic activities
Stand in a doorway and hook your fingertips on both sides about chest level or lower.
The fuel level must be above 15% and below 85% before the EVAP monitor will run on most vehicles.
Many U.S. regions under threat due to changes in sea level
Construct a Lorenz curve that shows income distribution in this society.