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
Life-cycle of the Sun; sizes are not drawn to scale
Components of a long bone. The entire long bone is on the left side accompanied by a blowup of the p
Models of some representative proteins drawn to a common scale
The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago
Having a time zone map located near the telephone will assist you when making long distance calls ou