This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Distinguish between the short run and the long run. What will be an ideal ... (Read 60 times)

Caiter2013

  • Hero Member
  • *****
  • Posts: 607
on: Jun 29, 2018
Distinguish between the short run and the long run.
 
  What will be an ideal response?

Question 2

A firm has an incentive to decrease supply now and increase supply in the future if it expects that
 
  A) the price of its product will be lower in the future than it is today.
  B) more firms will enter the market in the future.
  C) the price of its product will be higher in the future than it is today.
  D) the prices of inputs used to produce the product will rise in the future.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

johnharpe

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

The short run is a period of time during which the quantity of at least one factor of production is fixed and cannot be changed. The long run is a period of time long enough so that the quantities of all factors of production can be varied.

Answer to Question 2

C


Caiter2013

  • Member
  • Posts: 607
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

atrochim

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Long-day stimulation of flower development in Arabidopsis. Long-day stimulation of flower development in Arabidopsis.
A herd of barren-ground caribou at the Thelon River. This subspecies is a long-distance migrant A herd of barren-ground caribou at the Thelon River. This subspecies is a long-distance migrant
fMRI Machine It is not until after toddlerhood that most children can lie still long enough to have fMRI Machine It is not until after toddlerhood that most children can lie still long enough to have
On November 11, 1887, four anarchists were hanged in Chicago on charges that they had thrown a bomb On November 11, 1887, four anarchists were hanged in Chicago on charges that they had thrown a bomb
A long, narrow cobbled street in Old San Juan. A long, narrow cobbled street in Old San Juan.
Video: Phases of mitosis

For a complete list of videos, visit our video library