Real GDP in 2015 is $10 trillion. Between 2015 and 2016, using 2015 prices, GDP grew 3 percent and using 2016 prices real GDP grew 7 percent. Using the chain-weighted output index method, real GDP in 2016 is ________ trillion

The antitrust legislation that was designed to help small stores survive competition with large retail chains was the:

a. FTC Act. b. Sherman Antitrust Act. c. Celler-Kefauver Act. d. Robinson-Patman Act. e. Clayton Act.

Diseconomies of scale occur when a firm's

a. marginal costs are constant as output increases. b. long-run average total costs are decreasing as output increases. c. long-run average total costs are increasing as output increases. d. marginal costs are equal to average total costs for all levels of output.