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

Author Question: The short run is a period of time in which A) the quantity of at least one factor of production ... (Read 121 times)

londonang

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
The short run is a period of time in which
 
  A) the quantity of at least one factor of production is fixed.
  B) the amount of output is fixed.
  C) prices and wages are fixed.
  D) nothing the firm does can be altered.

Question 2

Suppose Jill's consumption bundle is made up of 2 goods, apples and bottles of juice. If the price of an apple increases, then Jill's budget line would
 
  A) not change.
  B) shift towards the origin on the apples axis only.
  C) shift towards the origin on both the apples and bottles of juice axes.
  D) shift away from the origin on the bottles of juice axis only.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nyrave

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


londonang

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
Wow, this really help

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Time Slows Down Near Matter Time Slows Down Near Matter
Hormones acting through the brain help regulate metabolism and short- and long-term appetite. Hormones acting through the brain help regulate metabolism and short- and long-term appetite.
How to Factor a Sum or Difference of Two Cubes How to Factor a Sum or Difference of Two Cubes
Rule of Law and Factor Accumulation, 2009 Rule of Law and Factor Accumulation, 2009
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
Consider a two-period economy with no investment opportunities: first and second period output ... Consider a two-period economy with no investment opportunities: first and second period output ...
Video: Bone Healing Animation

For a complete list of videos, visit our video library