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

Author Question: The long run is distinguished from the short run because only in the long run A) output prices ... (Read 72 times)

nmorano1

  • Hero Member
  • *****
  • Posts: 598
on: Jun 29, 2018
The long run is distinguished from the short run because only in the long run
 
  A) output prices can vary.
  B) factor of production prices can vary.
  C) the quantities of all factors of production can be varied.
  D) the firm no longer maximizes its profit.

Question 2

Technological efficiency necessarily means producing
 
  A) at minimum cost.
  B) with the highest level technology available.
  C) without using more inputs than necessary.
  D) technology itself.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tofugiraffe

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


nmorano1

  • Member
  • Posts: 598
Reply 2 on: Jun 29, 2018
Excellent

robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Growth of Dendritic Spines After Long-Term Potentiation Growth of Dendritic Spines After Long-Term Potentiation
Prices for Cotton and for Slaves, 1802–1860 Prices for Cotton and for Slaves, 1802–1860
Natural Resource Prices, 1850–2010 Natural Resource Prices, 1850–2010
British Output and Productivity Growth, 1760–1913 British Output and Productivity Growth, 1760–1913
Role of Factors of Production in Determining Output per Worker, 2009 Role of Factors of Production in Determining Output per Worker, 2009
Possible Sources of Differences in Output per Worker Possible Sources of Differences in Output per Worker
Video: How eudicots (true dicots) differ from monocots Animation

For a complete list of videos, visit our video library