Diseconomies of scale often arise because higher production levels allow specialization among workers
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Why is the H.O. model called the factor-proportions theory?
What will be an ideal response?
Economics
Suppose oil prices fall temporarily, as oil becomes more plentiful. What impact is this likely to have on the production function, the marginal products of labor and capital, labor demand, employment, and the real wage?
What will be an ideal response?
Economics