What was the central cause of the tragedy

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1. Analyze the Centralia No. 5 mine disaster, providing a basic summary. What was the central cause of the tragedy and what obstructions to effective public administration existed?

2. What does isoquant show? Explain (fully) why isoquants are convex to the origin of the graph.

Suppose that a firm increases all of its inputs by 25% and, as a result, the firm’s output produced increases by 20%. Calculate the firm’s returns to scale elasticity. What type of returns to scale does the firm have in this range of production? Explain.

Reference no: EM132164484

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