Much of the research on the minimum efficient scale suggests that for many firms, economies of scale are:
A) relatively modest.
B) nonexistent.
C) substantial.
D) heavily dependent on the minimum efficient scale of the firm's production process.
A
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Paying interest on the reserves of commercial banks kept with the central bank allows the Fed to essentially place a floor on the federal funds rate
a. True b. False Indicate whether the statement is true or false
Relative to a world in which some people are motivated by nonmaterial incentives, if all people were motivated solely by financial incentives, then:
A. economic efficiency would be achieved more often. B. there would be no commitment problems. C. both business transactions and personal interactions would be different. D. transactions in the business world would be the same, but personal interactions would not.