If a firm can double inputs and, thereby, more than double output over the range of output the market demands, it is said to be experiencing
a. decreasing minimum efficient scale
b. increasing returns to scale
c. constant returns to scale
d. decreasing returns to scale
e. increasing long run average cost
B
Economics
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__________ is not a cash flow associated with a bond
A) Payment to purchase a bond B) Periodic interest payments C) Periodic dividend payments D) Repayment of the face value when the bond matures
Economics
Relative to the short-run demand for gasoline, the long-run demand for gasoline is
A) probably more elastic since people need time to change automobiles and driving habits. B) probably less elastic since people need time to change automobiles and driving habits. C) probably more elastic because people can hoard this good. D) probably less elastic because people cannot store this good.
Economics