The production of cigarettes is highly automated; however, a worker is required to monitor each machine. Machines and workers do not interact with one another. Given this information, there are most likely
A) economies of scale.
B) economies of scope.
C) constant returns to scale.
D) increasing returns to scale.
C
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What best describes the relationship between England and the US?
a. Throughout US history Britain has been one of the leading sources of immigrants. b. During most of the colonial period it provided relatively little monitoring of colonial actions. c. England often fought the Portuguese to protect its holding in colonial America. d. Until the Civil War, England was the primary source for American manufactured goods.
A bank which must hold 100 percent reserves opens in an economy that had no banks and a currency of $150 . If customers deposit $50 into the bank, what is the value of the money supply?
a. $50 b. $100 c. $150 d. $200