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Author Question: Suppose RioTintoAlcan is considering the construction of a new aluminum smelter in Northern Quebec, ... (Read 27 times)

am7272

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on: Oct 12, 2022

Question 1

The creation of a new product is called
◦ product innovation.
◦ investment.
◦ creative destruction.
◦ a rise in productivity.
◦ process innovation.

Question 2

Suppose RioTintoAlcan is considering the construction of a new aluminum smelter in Northern Quebec, the operation of which requires a great deal of electricity. Suppose also that the price of electricity is predicted to rise significantly in the near future. As a result, the firm decides to build a plant using existing technology that is more expensive but uses less electricity per tonne of aluminum produced. This behaviour is an example of
◦ short-run cost minimization.
◦ long-run economies of scale.
◦ innovation away from changes in factor prices.
◦ short-run profit maximization.
◦ the long-run principle of substitution.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by am7272 on Oct 12, 2022

MajorWaffle

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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am7272

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

mammy1697

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Reply 3 on: Yesterday
Excellent

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