Author Question: Which of the following will result from an epizootic affecting sheep reared for wool? a. The ... (Read 82 times)

dalyningkenk

  • Hero Member
  • *****
  • Posts: 598
Which of the following will result from an epizootic affecting sheep reared for wool?
 a. The epizootic would lower people's preference for woolen clothes.
  b. The price of new woolen clothes would rise.
  c. The epizootic would lower people's preference for synthetic coats.
  d. The production of new woolen clothes would rise.

Question 2

A firm maximizes its profit at a level of output, where the additional revenue earned by selling an extra unit of the output is equal to the additional cost borne for producing that extra unit of the output.
 a. True
  b. False
  Indicate whether the statement is true or false



SamMuagrove

  • Sr. Member
  • ****
  • Posts: 312
Answer to Question 1

B

Answer to Question 2

True



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

For a complete list of videos, visit our video library