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 29 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
Gracias!

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

The intermediate-disturbance hypothesis of community organization. The intermediate-disturbance hypothesis of community organization.
The term wasp is typically defined as any insect of the order Hymenoptera and suborder Apocrita that The term wasp is typically defined as any insect of the order Hymenoptera and suborder Apocrita that
A subculture of employees who work at a medical practice A subculture of employees who work at a medical practice
Blocked at every turn by congressional Republicans who hated him, President Obama turned to techniqu Blocked at every turn by congressional Republicans who hated him, President Obama turned to techniqu
Typical Organization of the CPT Manual Typical Organization of the CPT Manual
An overview of the levels of organization in nature An overview of the levels of organization in nature
Video: Muscular Dystrophy

For a complete list of videos, visit our video library