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

Author Question: Define what is meant by the period known as the short run. What will be an ideal ... (Read 181 times)

cabate

  • Hero Member
  • *****
  • Posts: 537
on: Jun 29, 2018
Define what is meant by the period known as the short run.
 
  What will be an ideal response?

Question 2

What three things must a firm know in order to calculate costs?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cat123

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

The short run is the period during which firms face limits imposed by some fixed factor of production and firms cannot enter or exit an industry.

Answer to Question 2

(1.) The techniques of production available.
(2.) The prices of inputs.
(3.) Output.


cabate

  • Member
  • Posts: 537
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

daiying98

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

« previous next »
 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Intussusception. A short length of small intestine has telescoped into itself. Intussusception. A short length of small intestine has telescoped into itself.
Embryonic Period Embryonic Period
Embryonic Period - Heart Development Embryonic Period - Heart Development
Embryonic Period Embryonic Period
Embryonic Period - 4th week Embryonic Period - 4th week
Consider a two-period economy with no investment opportunities: first and second period output ... Consider a two-period economy with no investment opportunities: first and second period output ...
Video: Fermentation - When Oxygen Is Absent, Pyruvate to Lactate & Pyruvate to Ethanol

For a complete list of videos, visit our video library