When economies of scale exist:
a. per unit production costs increase as output expands
b. per unit production costs decline as output expands.
c. marginal cost must decrease as output expands.
d. per unit production costs remain constant as output expands.
b
Economics
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A merger between a firm and one of its suppliers would be called
A) a horizontal merger. B) a vertical merger. C) an anti-trust violation. D) a Cournot merger.
Economics
If you hold money in anticipation of household emergency expense, this represents the::
a. speculative demand for holding money. b. transactions demand for holding money. c. opportunity cost motive for holding money. d. precautionary demand for holding money. e. regressive cost of holding money.
Economics