Refer to the diagram, assuming that the firm represented is operating on curve TC 0 . A change from TC 0 to TC 1 could be caused by:
A. a decrease in extraction costs.
B. an increase in user costs.
C. an increase in the price of the resource.
D. a decrease in the price of the resource.
B. an increase in user costs.
Economics
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"It is possible to restrict imports and still maintain a fixed level of exports." Do you agree or disagree? Why?
What will be an ideal response?
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Which types of poor decisions are more visible to a decision maker's supervisor?
a. Agreeing to undertake an unprofitable project b. Deciding not to undertake a profitable project c. Deciding not to undertake an unprofitable project d. Deciding to investigate a proposed project until one is certain
Economics