In economics, the short run is the time frame in which the quantities of ________ and the long run is the period of time in which ________.
A) some factors of production are variable; the quantities of all factors of production are fixed
B) all factors of production are variable but technology is fixed; technology is variable
C) all factors of production are fixed; the quantities of all factors of production can be varied
D) some factors of production are fixed; the quantities of all factors of production can be varied
Question 2
At the current quantity of pizza, the marginal social benefit is greater than the marginal social cost. Then
A) the number of pizzas produced is efficient.
B) more pizzas must be produced to reach the efficient level.
C) fewer pizzas must be produced to reach the efficient level.
D) revenue for pizza producers is maximized.
Long-wattled Umbrellabird
Results from sequential study of two cohorts tested at three ages and at three different points in t
ESM Study of Time Spent with Family
Historical Time Line of Regulatory Acts, Standards, and Organizations
Greet a First-Time Client With a Firm Handshake.
Disitive Time For Vegetables