If economies of scale exist for a particular production relationship, long-run average costs will

a. rise.
b. fall.
c. first rise and then fall.
d. be unaffected since there is no direct relationship between the two.

b

Economics

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The figure above shows the demand for fruit snacks. Which movement reflects how consumers would react to an increase in the price of a fruit snack that is expected to occur in the future?

A) from point a to point e B) from point a to point b C) from point a to point c D) from point a to point d

Economics

When do we say that a bank is loaned up?

a. When its debtors don't want to repay b. When it is susceptible to a bank panic c. When its excess reserves equal zero d. When it is part of a fractional reserve banking system e. When its required reserves are equal to its excess reserves

Economics