The Probability That House Sales Will Increase in the Next

question 96

Multiple Choice

The probability that house sales will increase in the next 6 months is estimated to be 0.25.The probability that the interest rates on housing loans will go up in the same period is estimated to be 0.74.The probability that house sales or interest rates will go up during the next 6 months is estimated to be 0.89.The probability that both house sales and interest rates will increase during the next 6 months is:

• A)0.10
• B)0.185
• C)0.705
• D)0.90

Understand the concepts of economies of scale, diseconomies of scale, and constant returns to scale.

Identify the transitions between economies of scale to diseconomies of scale or constant returns through examples.

Describe how long-run and short-run costs behave and influence firm decisions.

Analyze the impact of output changes on a firm's cost in the long run.