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Which Two Factors Tend to Increase the Explosive Potential of a Magma

question 53

Multiple Choice

Which two factors tend to increase the explosive potential of a magma body beneath a volcano?

Explain the effects of short-run profit on market dynamics and long-run equilibrium in price-taker industries.
Analyze the impact of changes in demand and supply on market prices and output in the short and long run.
Describe the conditions for long-run equilibrium in price-taker markets and the concept of economic profit.
Identify the factors that determine the long-run supply curve's shape in different types of industries.

Definitions:

Poorly Maintained Machinery

Equipment and machineries that haven't been kept in good working condition through regular checks and repairs, often leading to inefficiencies or hazards.

Pareto Analysis

A statistical technique in decision-making used to select a limited number of tasks that produce significant overall effect, often referred to as the 80/20 rule.

Benchmarking

The practice of comparing business processes and performance metrics to industry bests and best practices from other companies.

Fishbone Diagram

A visual tool used to identify, explore, and display the possible causes of a particular problem.

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