micro economics question?
4. Fracking is the process by which oil is extracted from underground using a high-pressure water mixture. This procedure has led to accusations that is causes earthquakes as a result of the wastewater that is injected back underground. As a result, several cities and states have banned fracking operations, while others have proposed regulations on how fracking should be conducted. How do new regulations affect the costs of doing business? Do regulations represent a fixed or variable cost, or can they be both? Explain.
- PhilomelLv 72 months ago
This seems to be Business and Finance Engineering.