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Author Question: Characteristics of the short run include: a. at least one fixed input. b. insufficient time for ... (Read 66 times)

123654777

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on: Jun 30, 2018
Characteristics of the short run include:
 a. at least one fixed input.
 b. insufficient time for firms to enter or leave the industry in question.
  c. the applicability of the law of diminishing marginal product.
 d. all of the above.

Question 2

As the price of capital falls, the quantity of capital that producers are willing and able to offer falls.
 a. True
  b. False
  Indicate whether the statement is true or false


kiamars2010

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  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


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