18
20
24
25
Correct answer is C
No explanation has been provided for this answer.
15.5
14.6
12.0
8.0
Correct answer is A
No explanation has been provided for this answer.
Competitive supply
Substitute supply
Joint supply
Derived supply
Correct answer is B
No explanation has been provided for this answer.
If all factors are variable in the long run,firms will experience
Decreasing returns to scale
Increasing returns to scale
Diminishing returns
Economies of scale
Correct answer is B
In the longrun, all production factors are variable (changes) and a firm operating in the longrun would enjoy increasing returns to scale because they will be operating at a higher level of output with lower cost.
Calculate the total number of people engaged in tertiary production from the data above
5,000,000
6,250,000
11,750,000
12,250,000
Correct answer is B
No explanation has been provided for this answer.
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