If climate change starts creating earthquakes, storms, droughts and all manner of obstacles to production operations, the effects can be shown on effected production function graphs by

A. eliminating long run production functions because they are irrelevant.
B. changing the curves of the isoquants to straight lines.
C. lowering the short run production function and reducing the numbers on each isoquant.
D. eliminating the increasing returns portion of the short run production function.


Answer: C

Economics

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Economics