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

Author Question: How long is the short-run time period in the economic analysis of the market? A) three months or ... (Read 105 times)

Melani1276

  • Hero Member
  • *****
  • Posts: 516
How long is the short-run time period in the economic analysis of the market?
 
  A) three months or one business quarter
  B) total time in which sellers already in the market respond to changes in demand and equilibrium price
  C) total amount of time it takes new sellers to enter the market
  D) total amount of time it takes original sellers to leave the market

Question 2

When a firm's MC curve shifts to the right, it implies that
 
  A) new firms are entering the market.
  B) labor productivity is decreasing.
  C) labor productivity is increasing.
  D) the firm's overhead costs are decreasing.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jharrington11

  • Sr. Member
  • ****
  • Posts: 365
Answer to Question 1

B

Answer to Question 2

C




Melani1276

  • Member
  • Posts: 516
Reply 2 on: Jul 1, 2018
Gracias!


milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

For a complete list of videos, visit our video library