About two-thirds of U.S. electricity is generated from:
A. hydroelectric.
B. petroleum.
C. nuclear energy.
D. coal and gas.
Ans: D. coal and gas.
Economics
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In the above figure, the minimum efficient scale of output is
A) 5,000 pounds of coffee. B) 10,000 pounds of coffee. C) 13,000 pounds of coffee. D) 15,000 pounds of coffee.
Economics
If a firm raised its price and discovered that its total revenue fell, then the demand for its product is
A) relatively elastic. B) perfectly inelastic. C) perfectly elastic. D) relatively inelastic.
Economics