In a constant-cost industry, an increase in output that increases the demand for resources used by the industry

a. is likely to result in higher prices for at least some resources.
b. causes the firm's cost curves to shift downward.
c. causes the demand curve for the industry to rise.
d. is not likely to result in higher prices for resources.


D

Economics

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What will be an ideal response?

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Fill in the blank(s) with the appropriate word(s).

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Knowledge is human capital plus business know-how.

Answer the following statement true (T) or false (F)

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