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Author Question: When a firm is no longer able to reduce its long-run average cost by expanding, it has achieved its ... (Read 44 times)

roselinechinyere27m

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on: Jun 30, 2018
When a firm is no longer able to reduce its long-run average cost by expanding, it has achieved its minimum efficient scale of production.
 a. True
  b. False

Question 2

Under a flexible exchange rate system, which one of the following would not directly affect the exchange rate?
 a. a change in income
  b. the relative inflation rates in two countries
  c. the salary of the president of the United States
  d. a change in capital flows
  e. a change in the level of exports or imports


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voltaire123

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


roselinechinyere27m

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Reply 2 on: Jun 30, 2018
:D TYSM

kishoreddi

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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