For the past couple of decades, approximately how much trash per person per day has been generated in the United States?

A. 2 pounds.
B. 3.4 pounds.
C. 4.6 pounds.
D. 12.8 pounds.

Answer: C

Economics

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A firm whose production function displays increasing returns to scale will have a total cost curve that is:

a. a straight line through the origin. b. a curve with a positive and continually decreasing slope. c. a curve with a positive and continually increasing slope. d. a curve with a negative and continually decreasing slope.

Economics

For a monopolistically competitive firm, which of the following is ensured by product differentiation?

a. Long-run profit b. Market power c. Economies of scale d. Increasing returns to scale

Economics