Long-run cost curves are U-shaped because
A) of economies and diseconomies of scale. B) of the law of diminishing returns.
C) of the law of supply. D) of the law of demand.
A
Economics
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The 12 regional Fed banks do all of the following except:
A. Clear checks between private banks. B. Lend money to individuals. C. Provide currency to banks. D. Hold bank reserves.
Economics
Refer to Table 12-1. If the market price of each camera case is $8, what is the firm's total revenue?
A) $2,400 B) $3,200 C) $4,000 D) $4,800
Economics