Which of the following is not cited as one of the factors that accounts for the large-scale production that exists in many sectors of the economy?
A) Economies of scale.
B) Advertising and image differentiation.
C) The minimum efficient scale of operation in many industries is quite high relative to market demand.
D) Risk spreading.
C
Economics
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If the Fed sells government bonds, bank reserves will
A) decrease leading to a decrease in the money supply. B) increase leading to a decrease in the money supply. C) increase leading to an increase in the money supply. D) decrease leading to an increase in the money supply.
Economics
The optimal number of workers to be hired by a firm operating in a competitive labor market is where:
a. P = MRP. b. MP = MRP. c. MRP = w. d. P = w. e. TWC = w.
Economics