Which of the following best describes extractive industries such as farming, mining, or lumbering?

Question

Quizplus · Accepted Answer

Extractive industries such as farming, mining, and lumbering are typically considered to be increasing cost industries. As these industries extract natural resources, the cost of extracting the remaining resources generally increases as the easiest and most accessible resources are depleted. As a result, the cost per unit of production typically increases over time in these industries.

Which of the Following Best Describes Extractive Industries Such as Farming