As the number of producers increases, the supply curve ______.

a. begins to resemble a pyramid
b. becomes a horizontal line
c. becomes smoother
d. begins to resemble a staircase

c. becomes smoother

Economics

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____________________ is when a firm is able to produce along its expansion path

Fill in the blank(s) with the appropriate word(s).

Economics

The implication of the Solow model is that for sustained growth:

A) the ratio of savings rate to depreciation rate should be constant as the economy grows over time. B) the ratio of savings rate to depreciation rate should increase as the economy grows over time. C) the ratio of capital stock to GDP should decreases the economy grows over time. D) the ratio of capital stock to GDP should be constant as the economy grows over time.

Economics