An exchange will take place between two parties as long as: a. ...

[renzo156]

An exchange will take place between two parties as long as:
 a. the seller benefits from it.
  b. the buyer benefits from it.
  c. any one of the parties benefit from it.
  d. both the parties benefit from it.

Question 2

Short run refers to a period of time during which:
 a. all the factors are constant.
  b. all the factors are variable.
  c. the producer can shift from one plant size to another.
  d. some factors are fixed while some others are variable.
  e. the producer cannot change the level of output.

[Liddy]

Answer to Question 1

D

Answer to Question 2

d