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Author Question: Which of the following will result from an epizootic affecting sheep reared for wool? a. The ... (Read 106 times)

dalyningkenk

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on: Jun 30, 2018
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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

True


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