If producing more output has no effect on average cost then
A) there are diseconomies of scale.
B) there are economies of scope.
C) there are diseconomies of scope.
D) there are no economies of scale.
D
Economics
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Explain why it is highly unlikely that the world's oil reserves will be depleted within the next 40 years
What will be an ideal response?
Economics
In the classical model, if money growth and velocity are constant, then:
a. the price level will rise at the rate of output growth. b. the price level will be constant. c. the price level will fall at the rate of output growth. d. none of the above.
Economics