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Choose the one alternative that best completes the statement or answers the question.
-Two hikers on opposite sides of a canyon each stand precisely 525 meters above the canyon floor. They each sight a landmark on the canyon floor on a line directly between them. The angles of depression from each hiker to the landmark meter are and . How far apart are the hikers? Round your answer to the nearest whole meter.
External Economies
Benefits that a firm obtains due to the actions of others or external factors, leading to reduced costs.
External Economies of Scale
Cost advantages that a firm obtains due to the expansion of the industry in which it operates, but not due to its own expansion.
Industry Size
A measure of the total production or the total number of participants in a particular industry or market.
Short-Run Losses
Temporary financial deficits that a firm may face due to operating costs exceeding total revenue in the short term.
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