Simplify
- $\sqrt [ 3 ] { - 8 }$ A) 4
B) 2
C)

question 35

Multiple Choice

Simplify.
- $\sqrt [ 3 ] { - 8 }$

• A) 4
• B) 2
• C) \(- 2\)
• D) \(- 4\)

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Definitions:

Constant-cost Industry

An industry in which the input prices and production costs remain stable even as the industry output changes.

Economic Profits

The surplus remaining after total costs are subtracted from total revenue, taking into account both explicit and implicit costs.

Industry Supply

The total output of goods or services that firms in a specific industry are willing and able to sell at various price levels.

Decreasing-cost Industry

An industry where average costs of production decrease as the scale of output increases.