Diseconomies of scale start between:
The following schedule gives the cost data for a firm:
A. 0 and 10 units of output
B. 40 and 50 units of output
C. 20 and 30 units of output
D. 30 and 40 units of output
B. 40 and 50 units of output
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If the price of portable power banks increases, then there will be ________ of portable power banks
A) a decrease in the supply B) an increase in the supply C) an increase in the quantity supplied D) a decrease in the quantity supplied
Total market demand can be calculated by
A) horizontally summing individual demand curves at each and every price level. B) vertically summing individual demand curves at each and every income level. C) adding up the largest quantity demanded by each individual. D) looking at the changes in the products' popularity.