Economics 9708 · AS & A Level · Long-run costs and economies of scale

Long-run costs and economies of scale — practice question

What does the term transfer earnings mean?

  • Athe amount of earnings above that needed to keep a worker in their current job
  • Bthe minimum earnings needed to keep a worker in their current job
  • Cthe social security benefits paid to workers whose earnings are below the poverty line
  • Dthe amount of earnings needed to cause a worker to change to a different job

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