The supply curve of an exhaustible resource shifts up as the ...

[rachel9]

The supply curve of an exhaustible resource shifts up as the marginal cost of extracting the resource increases.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Diseconomies of scale:
 a. occur only in the short run.
  b. occur when at least one resource is fixed and unit costs decrease as the quantity of production increases.
  c. occur when at least one resource is fixed and unit costs increase as the quantity of production increases.
  d. are represented by the upward-sloping portion of the short run average total cost curve.
  e. occur when all resources are variable and unit costs increase as the quantity of production increases.

[chevyboi1976]

Answer to Question 1

True

Answer to Question 2

e

[rachel9]

Correct answers!

[chevyboi1976]

Great! Please up vote