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

Author Question: What's true about both the short-run and long-run in terms of production and cost analysis? a. In ... (Read 59 times)

colton

  • Hero Member
  • *****
  • Posts: 627
on: Jul 1, 2018
What's true about both the short-run and long-run in terms of production and cost analysis?
 a. In the short-run, one or more of the resources are fixed
  b. In the long-run, all the factors are variable
  c. The time horizon determines whether or not an input variable is fixed or not
  d. The law of diminishing returns is based in part on some factors of production being fixed, as they are in the short run.
  e. All of the above

Question 2

Annual budgeting of production goals of a division within a firm
 a. is an accounting mechanism to plan for the costs and revenues over a time period
  b. increase the burden on the division when goals rise
 c. can lead to accumulated inventory when the goals of an upstream division are arbitrarily set too high
  d. all of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lorealeza

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jul 1, 2018
Answer to Question 1

e

Answer to Question 2

d


colton

  • Hero Member
  • *****
  • Posts: 627
Reply #2 on: Jul 1, 2018
Thank you :)


lorealeza

  • Sr. Member
  • ****
  • Posts: 345
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

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.

Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes. Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes.
Intussusception. A short length of small intestine has telescoped into itself. Intussusception. A short length of small intestine has telescoped into itself.
Long-Term Potentiation Long-Term Potentiation
Block Diagram of Single-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid Block Diagram of Single-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid
Western blot analysis of viral antigens. The nitrocellulose strips from the kit contain blotted ... Western blot analysis of viral antigens. The nitrocellulose strips from the kit contain blotted ...
Production of monoclonal antibodies Production of monoclonal antibodies
Video: Digestive chemicals - types & enzymes

For a complete list of videos, visit our video library