« previous next »

Author Question: Economists define the short run as a period of time so short that A) the amount of output cannot ... (Read 158 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
Economists define the short run as a period of time so short that
 
  A) the amount of output cannot be changed except under diminishing marginal returns.
  B) the amount of output cannot be changed at all.
  C) only one factor of production can be varied.
  D) at least one factor of production cannot be varied.

Question 2

The difference between a firm's total revenue and its total opportunity cost is the firm's
 
  A) normal profit.
  B) economic profit.
  C) marginal profit.
  D) marginal revenue.


macmac

  • Sr. Member
  • ****
  • Posts: 343
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?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

A 3-tonne (3.0-long-ton; 3.3-short-ton) great white shark off Isla Guadalupe A 3-tonne (3.0-long-ton; 3.3-short-ton) great white shark off Isla Guadalupe
Radiation Side Effects, Healing Time, and Intervention Radiation Side Effects, Healing Time, and Intervention
Embryonic Period Embryonic Period
Embryonic Period Embryonic Period
Embryonic Period - 7th week Embryonic Period - 7th week
Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ... Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ...
Video: Major Elements in Biological Molecules: Carbohydrates

For a complete list of videos, visit our video library