Answers

GM

Answered

When a firm produces a small amount of output,the spreading effect:

A) is stronger than the diminishing returns effect.
B) is weaker than the diminishing returns effect.
C) and the diminishing returns effect are equal.
D) is zero.

On May 11, 2024


A
GM

Answered

A price taker is:

A) a firm that accepts different prices from different customers.
B) a consumer who accepts different prices from different firms.
C) a perfectly competitive firm.
D) a firm that cannot influence the market price.
E) both C and D

On May 09, 2024


E