The ABC Company manufactures routers that are used to provide high-speed Internet service. ABC sells an average of 1,000 routers each month, but to exhaust economies of scale in its industry ABC would have to sell 3,000 routers each month. Therefore
A) ABC is experiencing diseconomies of scale.
B) ABC is experiencing diminishing returns.
C) to reach minimum efficient scale ABC would have to sell at least 3,000 routers each month.
D) ABC will soon go out of business.
Answer: C
Economics
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The above figures show the market for oranges. Which figure shows the effect of changing consumer preferences for more orange juice and less coffee in the morning?
A) Figure A B) Figure B C) Figure C D) Figure D
Economics
Which of the following did not occur during the period 1960–95?
(a) The problem of inflation (b) The growth of federal budget and trade deficits (c) Rising unemployment rates (d) All of the above occurred during this period.
Economics