Refer to the data. Economies of scale in plant ATC-A are realized over the ___ to ___ levels of output; diseconomies of scale exist over the ___ to ___ levels of output
Use the following data to answer the question. The letters A, B, and C designate three successively larger plant sizes.
A. 10, 30; 40, 100
B. 10, 40; 80, 100
C. 10, 50; 60, 100
D. 10, 70; 80, 100
C. 10, 50; 60, 100
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According to the law of one price, identical products should sell for the same price everywhere if
A) transactions costs are zero. B) consumers have knowledge of the prices charged for products in different markets. C) there are no tariffs or other restrictions on imports or exports. D) firms can prevent consumers from engaging in arbitrage.
During a severe and persistent recession, Keynesians would most likely propose
A) tax increases. B) a tight money policy. C) annually balanced federal budgets. D) macroeconomic stabilization.