A firm's cost curve is determined by
A) congressional laws.
B) whether the firm hires engineers or not.
C) natural laws.
D) the firm's production function.
D
Economics
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Why would an economist claim that "oil comes out of our minds"?
A) She wants to sound silly. B) She wants to tell lies. C) She wants to remind us that the recognition of useful resources is a product of our mental abilities. D) She wants to sound like a really big and important theorist and could not care less about the facts of the real world.
Economics
Required reserves are
A) the portion of demand deposits and NOW accounts banks must hold. B) zero on demand deposits. C) zero on NOW accounts. D) imposed on all deposits at commercial banks.
Economics