In the long run, when marginal cost is above average total cost, the average total cost curve exhibits
a. constant returns to scale.
b. diseconomies of scale.
c. efficient scale.
d. economies of scale.

Chester has a credit score of 595 according to the following table his credit rating is considered to be which of these

Suppose that: 1. malaysia requires 1 hour of labor to produce 1 pound of rice and 2 hours of labor to produce 1 pencil; 2. indonesia requires 2 hours of labor to produce 1 pound of rice and 4 hours of labor to produce 1 pencil; 3. each country has 10,000 hours of labor to allocate between the production of rice and pencils; and 4. in autarky, malaysia consumes 5,000 pounds of rice and 2,500 pencils. which country has an absolute advantage in rice production? in pencil production? which country has a comparative advantage in rice production? in pencil production? will trade between the two countries be mutually beneficial?

For each example identify the most appropriate ctso