All of the following are examples of producer goods except:
a. machinery
b. tools.
c. appliances.
d. factory buildings.
c
Economics
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Refer to the figure above. What is the producer surplus before Barylia opens up to free trade?
A) $125 B) $250 C) $400 D) $325
Economics
A firm's short-run average cost curve is U-shaped. Which of these conclusions can be reached regarding the firm's returns to scale?
A) The firm experiences increasing returns to scale. B) The firm experiences increasing, constant, and decreasing returns in that order. C) The firm experiences first decreasing, then increasing returns to scale. D) The short-run average cost curve reveals nothing regarding returns to scale.
Economics