« previous next »

Author Question: In economics, the short run is the time frame in which the quantities of ________ and the long run ... (Read 80 times)

tuffie

  • Hero Member
  • *****
  • Posts: 534
on: Jun 29, 2018
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.


yeungji

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

A Tibetan wolf killed in 1938. Note the proportionately short legs A Tibetan wolf killed in 1938. Note the proportionately short legs
The span of Homo sapiens sapiens’ time on earth The span of Homo sapiens sapiens’ time on earth
In early capitalism, children worked alongside adults. At that time, just as today, most street ... In early capitalism, children worked alongside adults. At that time, just as today, most street ...
Time spent on, paid work and housework, by living arrangements of Canadian Time spent on, paid work and housework, by living arrangements of Canadian
I need help fill up the chart attached phtoto long question I need help fill up the chart attached phtoto long question
Time Line for Life’s Origin and Evolution Time Line for Life’s Origin and Evolution
Video: Types of Burns

For a complete list of videos, visit our video library