A perfectly elastic demand curve is
a. a vertical straight line
b. a horizontal straight line
c. a downward-sloping straight line
d. an upward-sloping straight line
e. not a straight line
B
Economics
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Which person created the five management functions?
a. frank gilbreth b. peter drucker c. henry fayol d. max weber
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Based on the above figure of the costs at Barney's Bagel Bakery, at which level of output will diminishing marginal returns first occur?
A) at 1 bagel B) at 500 bagels C) at 2000 bagels D) at 3000 bagels
Economics