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Author Question: The long run: a. is a period long enough for every input except plant size to be varied. b. is a ... (Read 51 times)

gonzo233

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on: Jun 30, 2018
The long run:
 a. is a period long enough for every input except plant size to be varied.
  b. is a period in which there are no fixed costs.
 c. is typically a period of two years.
 d. is all of the above.

Question 2

If the par value of a bond is 200, and the bid price of the bond is 90, it implies that:
 a. the bond is sold at 110.
  b. the bond was bought at 110.
  c. the bond is trading at a discount of 10 percent of its par value.
  d. the bond is trading at 45 percent of its par value.
  e. the bond is trading at a premium of 15 percent.


canderson530

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


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