Economies of scale occur when the long-run average cost curve slopes downward.
Answer the following statement true (T) or false (F)
True
Economies of scale are reductions in minimum average costs that come about through increases in the size (scale) of plants and equipment.
Economics
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Use Tobin's q theory and the neoclassical theory of investment to explain how optimistic scenarios of the "information age" would cause overinvestment in computer-related capital goods, and how that overinvestment would cause a sudden reversal
What will be an ideal response?
Economics
Which of the following is a cash transfer received from the government?
a. Medicaid b. Earned Income Tax Credit c. Food stamps d. Housing assistance e. Free education
Economics