Constant cost industries:
A) use large portions of the total supply of specialized resources.
B) significantly increase the demand for inputs when expanding output, and as a result, input prices rise.
C) do not use inputs in sufficient quantities that a change in industry output would affect the prices of the inputs.
D) are those in which the cost curves of individual firms shift upwards as industry output expands.
Correct Answer:
Verified
Q104: Exhibit 12-8 The long-run total cost schedule
Q105: Exhibit 12-7 The figure shows the price,marginal
Q106: Exhibit 12-9 Q107: Exhibit 12-7 The figure shows the price,marginal Q108: Exhibit 12-8 The long-run total cost schedule Q110: At the level of output where marginal Q111: Exhibit 12-8 The long-run total cost schedule Q112: Which of the following is true for Q113: Extractive industries such as farming,mining,or lumbering typically: Q114: Exhibit 12-9 
A)
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