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

Author Question: Which of the following statements best represents a difference between short-run and long-run cost? ... (Read 73 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
on: Jul 1, 2018
Which of the following statements best represents a difference between short-run and long-run cost?
 
  A) Less than one year is considered the short run; more than one year the long run.
  B) There are no fixed costs in the long run.
  C) In the short-run labor must always be considered the variable input and capital the fixed input.
  D) All of the above are true.

Question 2

There is an indifference curve through every bundle because of the assumption of
 
  A) transitivity.
  B) completeness.
  C) rationality.
  D) nonsatiation.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bfulkerson77

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


strangeaffliction

  • Member
  • Posts: 660
Reply 2 on: Jul 1, 2018
Wow, this really help

chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Cellular changes associated with short-term and long-term memory in the sea slug. Cellular changes associated with short-term and long-term memory in the sea slug.
The Role of Summation in Long-Term Potentiation The Role of Summation in Long-Term Potentiation
When young infants hold objects for a long period of time they eventually become habituated to them. When young infants hold objects for a long period of time they eventually become habituated to them.
A port fuel-injected engine that is equipped with long, tuned intake-manifold runners. A port fuel-injected engine that is equipped with long, tuned intake-manifold runners.
Brush off front to finish. Long brushing strokes from head to feet to finish. Brush off front to finish. Long brushing strokes from head to feet to finish.
There Is a Difference between Natural and Added Sugars There Is a Difference between Natural and Added Sugars
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library