When a firm is experiencing economics of scale, long run
a. average total cost is minimized,
b. average total cost is greater than long-run marginal cost,
c. average total cost is less than long-run marginal cost,
d. marginal cost is minimized.
e. none of the above
a. average total cost is minimized,
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On Friday May 3, 2013, the headlines in the list appeared in The Wall Street Journal. Classify each headline as a signal that the news article is about a microeconomic topic or a macroeconomic topic. Explain your answers
What will be an ideal response?
Which of the following tactics is most associated with the demand-enhancement union model?
A. Reducing the price of inputs that are substitutes for union workers. B. Lobbying for increases in public expenditures on the product it is producing. C. Restricting the number of workers allowed to work in the industry. D. Increasing the price of products that are complements for the one it is producing.