Economies of scale exist when the long-run average-total-cost curve is positively sloped

Suppose there are only 2 nations, Atlantis and Pacifica, and only two goods, surfboards and kayaks. If Atlantis produces only surfboards, it can make 50 per day. If Atlantis produces only kayaks, it can make 75 per day

If Pacifica produces only surfboards, it can make 75 per day. If Pacifica produces only kayaks, it can make 75 per day. After trade begins, ________ will specialize in the production of surfboards and ________ will specialize in the production of kayaks. A) Atlantis; Pacifica B) Pacifica; Atlantis C) Atlantis; Atlantis D) Pacifica; Pacifica

How does the decreasing use of traditional cameras affect the market for traditional camera film?

A) The quantity of traditional camera film demanded decreases. B) The demand curve for traditional camera film shifts to the right. C) The demand curve for traditional camera film shifts to the left. D) The quantity of traditional camera film demanded increases.