Economies of scale are illustrated by:
A) a downward sloping long-run average cost curve.
B) a flat long-run average cost curve.
C) an upward-sloping long-run average cost curve.
D) a downward-sloping short-run average total cost curve.
A
Economics
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Marginal cost is the ________ associated with a particular increase in an activity
A) total cost B) additional cost C) opportunity cost D) forgone cost
Economics
Bankers have a reputation for conservatism in politics, dress, and business affairs. Is there an economic rationale for this conservatism? Explain.
What will be an ideal response?
Economics