Which of the following products is the most likely to have constant costs in the long run?

A. ice
B. wine grapes
C. housing
D. copper

Answer: A

Economics

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In the new Keynesian model, the ultimate effect on output of an anticipated aggregate demand shock is ________

A) less than if that event was unanticipated B) greater than if that event was unanticipated C) the same as would develop if that event had never occurred D) dependent on whether or not that event is temporary or permanent

Economics

Which of the following will cause a decrease in market equilibrium price and an increase in equilibrium quantity?

A. An increase in supply. B. An increase in demand. C. A decrease in supply. D. A decrease in demand.

Economics