Starting a fishing business
A) is safe because the price of fish is stable
B) requires little prior knowledge
C) involves no significant entry costs
D) is a risky way to make a living
E) does not involve opportunity costs
Correct Answer:
Verified
Q60: If a firm's output equals 10, product
Q61: If a firm's output equals 10, product
Q62: Economies of scale implies that increases in
Q63: Economies of scale
A) require a change in
Q64: If a firm can double output by
Q66: A local bagel company plans to keep
Q67: Fixed cost is sometimes called
A) total cost
B)
Q68: Which of the following is an example
Q69: Changes in labor productivity, changes in the
Q70: Labor productivity measures
A) input per machine per
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents