In the late nineteenth century, technological improvements and cheaper transportation in the United States led to
a. a decrease in minimum efficient scale in many industries
b. an increase in minimum efficient scale in many industries
c. an overall reduction in productive efficiency
d. a narrowing of markets
e. price increases in many industries
Question 2
The significance of the minimum point on the average variable cost curve is that
a. it is the profit-maximizing level
b. it is the selling price
c. it is the point of indifference between producing at a loss or shutting down
d. if the firm produces one more unit, its AVC will be less than MC
e. it shows the amount of total cost
Generally, the total tax burden in the United States is much lower than that of other industrialize
The United States, 1819
The “Big Four” world leaders meet at the Hotel Crillon in Paris, 1919. From left to right (front row
Outcome of myocardial infarction. Forty percent of 1-week survivors have late complications ...
The Last Century Trends
The Location and Number of Farms in the United States, 2012