If significant economies of scale continue as output increases,
a. then small firms enjoy a cost advantage over large firms
b. minimum efficient scale is small relative to market demand
c. we have the case of a natural monopoly
d. the market will disappear in the long run.
e. all firms will become large.
C
Economics
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At the point at which planned real consumption spending is equal to real disposable income
A) the consumption function is above the 45-degree line. B) the consumption function intersects the savings function. C) the consumption function intersects the 45-degree line. D) the consumption function is below the 45-degree line.
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The BLS monthly household survey involves about __________ households in the United States
A) 6,000 B) 60,000 C) 600,000 D) 6,000,000
Economics