By the 18th century, the bulk of world output was produced in:
a. Asia
b. Africa
c. Europe
d. The Asian offshoots
e. none of the above
C
Economics
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When an average total cost pricing rule is enforced, average total cost equals ________
A) marginal revenue B) total revenue C) price D) average total cost
Economics
According to the book, Akio Morita (the founder of Sony) drew a long-run average cost curve that was
A) U-shaped. B) V-shaped. C) W-shaped. D) horizontal
Economics