This topic contains a solution. Click here to go to the answer

Author Question: The short run is a time period such that: a. the existing firms in the industry do not have ... (Read 110 times)

jc611

  • Hero Member
  • *****
  • Posts: 552
The short run is a time period such that:
 a. the existing firms in the industry do not have sufficient time to adjust the quantity of any inputs which they employ.
  b. the existing firms in the industry do not have sufficient time to adjust their current rate of output.
 c. new entrants have sufficient time to build factories and enter the industry.
 d. the existing firms in the market do not have sufficient time to increase the size of their existing plants or build new factories.

Question 2

The idea of comparable worth implies that wages are to be determined by the job characteristics and not merely by the interaction of demand and supply.
 a. True
  b. False
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jojobee318

  • Sr. Member
  • ****
  • Posts: 298
Answer to Question 1

d

Answer to Question 2

True




jc611

  • Member
  • Posts: 552
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

For a complete list of videos, visit our video library