Author Question: Refer to Figure 8.2. At P = 80, how much is profit in the short run? A) 88 B) 306 C) 351 D) ... (Read 4 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
Refer to Figure 8.2. At P = 80, how much is profit in the short run?
 
  A) 88
  B) 306
  C) 351
  D) 1000
  E) 1024

Question 2

Many mining and mineral extraction processes tend to exhibit increasing returns to scale.
 
  Suppose copper mines have increasing returns, and the existing copper mines reduce their capital and labor inputs by 25 percent in response to a global recession. What is the expected impact on copper output? A) Output increases by less than 25 percent
  B) Output decreases by less than 25 percent
  C) Output decreases by exactly 25 percent
  D) Output decreases by more than 25 percent



Toya9913

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

C

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

For a complete list of videos, visit our video library