The firm's efficient scale is the quantity of output that minimizes
a. average total cost.
b. average fixed cost.
c. average variable cost.
d. marginal cost.
a
Economics
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The problem with using a basic needs measure of poverty is that
a. the median income changes b. what we think of as basic needs now differs from what basic needs were 20 years ago c. we don't know how to measure basic needs d. basic needs is a relative concept of poverty e. population changes
Economics
Other things the same, which of the following could explain a rise in Sweden's net capital outflow?
a. interest rates on Swedish bonds rise b. the probability of default on Swedish bonds rises c. Sweden enacts a law reducing taxes on income earned by foreign-owned businesses operating in Sweden d. None of the above are correct.
Economics