Which of the following is NOT a reason a firm might experience economies of scale?
A) specialization
B) dimensional factors
C) increasing long-run average costs
D) more productive equipment
Answer: C
Economics
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New growth theory assumes that
A) all inputs experience diminishing returns. B) only random technological advances produce growth. C) knowledge does not experience diminishing returns. D) None of the above answers is correct.
Economics
If a bank's required reserves equal $270,000 . Suppose the bank holds no excess reserves, and the reserve requirement is equal to 18 percent, what is the value of the bank's total deposits?
a. $900,000 b. $1,500,000 c. $48,000 d. $486,000 e. $150,000
Economics