Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow.  Figure 8.5 Refer to Figure 8.5. If one drone is produced, average fixed costs are

Scarcity is a situation in which resources are unlimited in quantity and can be used in different ways

Indicate whether the statement is true or false

In a constant cost industry, the cost curves of individual firms will shift upward as the industry output expands

a. True b. False Indicate whether the statement is true or false