From the list below, choose two examples of products that are traded on international markets for which there are dynamic increasing returns. (Mark all that apply.) A. Aircraft design B. Biotechnology C. Clothing and apparel D. Mining and minerals E. Agriculture In each of the above examples, "learning-by-doing" is important to the dynamic increasing returns in the industry. Using the 3-point curved line drawing tool, draw a learning curve that shows the benefits of "learning-by-doing." Label it 'L'. Carefully follow the instructions above and only draw the required object.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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From the list below, choose two examples of products that are traded on
international markets for which there are dynamic increasing returns. (Mark
all that apply.)
A. Aircraft design
B. Biotechnology
C. Clothing and apparel
D. Mining and minerals
E. Agriculture
In each of the above examples, "learning-by-doing" is important to the
dynamic increasing returns in the industry.
Using the 3-point curved line drawing tool, draw a learning curve that shows
the benefits of "learning-by-doing." Label it 'L'.
Carefully follow the instructions above and only draw the required object.
C
0
Unit Cost
Cumulative Output
Transcribed Image Text:From the list below, choose two examples of products that are traded on international markets for which there are dynamic increasing returns. (Mark all that apply.) A. Aircraft design B. Biotechnology C. Clothing and apparel D. Mining and minerals E. Agriculture In each of the above examples, "learning-by-doing" is important to the dynamic increasing returns in the industry. Using the 3-point curved line drawing tool, draw a learning curve that shows the benefits of "learning-by-doing." Label it 'L'. Carefully follow the instructions above and only draw the required object. C 0 Unit Cost Cumulative Output
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