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- Difference between short and long run energy demand. How does technological advancement affect short and long demand?The economic characteristics of agricultural land which makes it a long term investment is itHow do you think changes in technology will affect the market structure of the power generation industry?
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- T or F Employing economic cost/profit instead of accounting cost/profit when making business decisions tends to generate more efficient or superior economic results. Why?What is the marginal cost of producing the 5th unit?MNLogs harvested logs (with no inputs from other companies) from it's property in Northern Minnesota. It sold these logs to MNLumber for $1500 and MNLumber cut and planed the logs into lumber. MNLumber then sold the lumber for $4,000 to MNFurniture. MNFurniture used the lumber to produce 100 tables that is sold to customers for $70 each.