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Title: In 1999, sheepherders in the western United States slaughtered 10,000 sheep and buried them in large open pits rather th

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Q:

In 1999, sheepherders in the western United States slaughtered 10,000 sheep and buried them in large open pits rather than truck them to the market to be sold. This behavior is most likely explained by

           a.   sheepherders making a shut-down decision to save the variable cost of transporting sheep to a slaughter house.

           b.   sheepherders making an exit decision to recover the fixed cost of raising the sheep.

           c.    the rising marginal cost of producing sheep.

           d.   irrational behavior of sheepherders.


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Title: In 1999, sheepherders in the western United States slaughtered 10,000 sheep and buried them in large open pits rather th

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    • Posted Date: Apr 28, 2012 at 9:18:10 PM

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...sp;        a.   sheepherders making a shut-down decision to save the v...
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