When there are economies of scale,
a. per-unit costs increase as output increases
b. per-unit costs decrease as output increases
c. per-unit costs are constant as output increases
d. output does not affect per-unit costs
b
Economics
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Are black markets for foreign currencies more likely to occur in countries with an overvalued currency or with an undervalued currency? Why?
What will be an ideal response?
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Refer to Scenario 15.4. The present value of the electricity bill savings you will receive over the next 10 years is
A) $200 times 10. B) $200/1.06. C) $200/1.0610. D) $200 (1 + 1/1.06 + 1/1.062 + ... + 1/1.069 ). E) $200 / (1 + 1/1.06 + 1/1.062 + ... + 1/1.069 ).
Economics