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

Author Question: Distinguish between the short run and the long run. What will be an ideal ... (Read 80 times)

Caiter2013

  • Hero Member
  • *****
  • Posts: 607
on: Jun 29, 2018
Distinguish between the short run and the long run.
 
  What will be an ideal response?

Question 2

A firm has an incentive to decrease supply now and increase supply in the future if it expects that
 
  A) the price of its product will be lower in the future than it is today.
  B) more firms will enter the market in the future.
  C) the price of its product will be higher in the future than it is today.
  D) the prices of inputs used to produce the product will rise in the future.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

johnharpe

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

The short run is a period of time during which the quantity of at least one factor of production is fixed and cannot be changed. The long run is a period of time long enough so that the quantities of all factors of production can be varied.

Answer to Question 2

C


Caiter2013

  • Member
  • Posts: 607
Reply 2 on: Jun 29, 2018
Wow, this really help

recede

  • Member
  • Posts: 315
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

The roles of transpiration, cohesion, adhesion, and tension in long-distance water transport. The roles of transpiration, cohesion, adhesion, and tension in long-distance water transport.
Gross Anatomy of a Long Bone Gross Anatomy of a Long Bone
The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago
Endochondral ossification of long bone. Endochondral ossification of long bone.
Long Term Control Medications Long Term Control Medications
Rapid, long-distance signaling in plants Rapid, long-distance signaling in plants
Video: ribosome

For a complete list of videos, visit our video library