A cost function has economies of scale if
A) average fixed costs fall as production increases.
B) total costs fall as production increases.
C) the average total cost falls as production increases.
D) it is less expensive to produce goods jointly rather than separately.
C
Economics
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Disposable income equals aggregate income
A) minus saving and minus net taxes. B) minus saving. C) minus net taxes. D) plus net taxes. E) plus saving minus net taxes.
Economics
Explain whether the statement, "Hillary Clinton was elected President of the United States in 2008," is a normative or positive statement
What will be an ideal response?
Economics