This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A firm is defined as a. a president, some vice presidents, and some employees. b. any organization ... (Read 88 times)

melly21297

  • Hero Member
  • *****
  • Posts: 565
on: Jul 1, 2018
A firm is defined as
 a. a president, some vice presidents, and some employees.
  b. any organization that wants to make a profit.
  c. any accumulation of productive assets.
  d. any organization that turns inputs into outputs.

Question 2

In a two-input model you can tell that a non-optimal short-run production decision is being made if
 a. all decisions in the short run are nonoptimal
  b. the rate of technical substitution is equal to the ratio of the input prices
  c. the rate of technical substitution is not equal to the ratio of the input prices


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mirabriestensky

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


melly21297

  • Member
  • Posts: 565
Reply 2 on: Jul 1, 2018
:D TYSM

yeungji

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Plant shoots have a modular organization. Plant shoots have a modular organization.
President-elect Barack Obama, his daughters, and wife, Michelle, celebrate his victory in November 2 President-elect Barack Obama, his daughters, and wife, Michelle, celebrate his victory in November 2
Providing structure and organization in the child’s environment may aid the development of ... Providing structure and organization in the child’s environment may aid the development of ...
Typical Organization of the CPT Manual Typical Organization of the CPT Manual
When a Tornado Strikes: Social Organization Following a Natural Disaster When a Tornado Strikes: Social Organization Following a Natural Disaster
The flow of energy and the cycling of materials maintain nature’s organization The flow of energy and the cycling of materials maintain nature’s organization
Video: Types of disease resistance: innate defenses & immunity

For a complete list of videos, visit our video library