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 47 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?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

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?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

For a complete list of videos, visit our video library