Economics 9708 · AS & A Level · Long-run costs and economies of scale

Long-run costs and economies of scale — practice question

When the world price of oil rises, the demand for deep sea divers rises from D1 to D2, as illustrated. What change occurs in the economic rent received by the divers?

AOQTM to OQWN
BORTM to OXWN
CQRT to QXW
DQYT to QVW

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