If the firm were to produce 154.92 units of output,
a. efficient scale would be realized.
b. ATC would be at its minimum value
c. the firm would sustain a loss of more than $2.000
d. All of the above
Answer: d. All of the above
Economics
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The purchase of a meal by an American tourist at La Tour d'Argen (a restaurant in Paris) would find its way into the American balance of payments as a:
A. positive entry in the current account. B. negative entry in the current account. C. positive entry in the financial and capital account. D. negative entry in the financial and capital account.
Economics
When quantity supplied equals quantity demanded:
A. the market forces push the economy to produce less. B. equilibrium is reached. C. the market forces cease to function. D. the market forces push the economy to produce more.
Economics