The "investment" component of aggregate demand will include all of the following except
a. expenditures of business firms on new plants.
b. expenditures of business firms on new equipment.
c. resales of existing physical assets.
d. household spending on new homes.
c
Economics
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What is the difference between average total cost and marginal cost and are they ever equal to each other?
What will be an ideal response?
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Briefly summarize the empirical literature on the long-run costs typically incurred by firms in a variety of industries. In particular, is there reason to believe that firms' long-run cost curves assume the typical U-shape? Why or why not?
What will be an ideal response?
Economics