Constant returns to scale occur when:
a. long-run average total cost decreases with an increase in output
b. long-run average total cost increases with an increase in output.
c. long-run average total cost remains constant with an increase in output.
d. long-run average variable cost decreases with an increase in output.
c
Economics
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In the economy of Euphoria, 400 people have jobs, 200 people are not working but are searching for work, and 100 people don't work and don't seek work. The unemployment rate is
A) 20 percent. B) 25 percent. C) 33 percent. D) 50 percent. E) none of the above.
Economics
What has been the approach of the European Central Bank to monetary targeting?
What will be an ideal response?
Economics