« previous next »

Author Question: The actual time length of the short run is determined by when diminishing marginal returns start. ... (Read 107 times)

leilurhhh

  • Hero Member
  • *****
  • Posts: 560
on: Jul 1, 2018
The actual time length of the short run is determined by when diminishing marginal returns start.
 
  Indicate whether the statement is true or false

Question 2

A firm operating with diminishing total returns cannot be profit maximizing.
 
  Indicate whether the statement is true or false


SeanoH09

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 1, 2018
Answer to Question 1

False. The actual time length of the short run is a function of how long it would take to adjust all inputs.

Answer to Question 2

True . This firm could produce more output with fewer inputs. This cannot be profit maximizing.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Principles of time management Principles of time management
A drug’s bioavailability will depend on the dosage form and how much will actual A drug’s bioavailability will depend on the dosage form and how much will actual
Press into points along the neck with your thumb, one side at a time. Apply circular friction to ... Press into points along the neck with your thumb, one side at a time. Apply circular friction to ...
Predicted versus Actual GDP per Worker Predicted versus Actual GDP per Worker
Rockin' In Time, 9th Edition Rockin' In Time, 9th Edition
Disitive Time For Vegetables Disitive Time For Vegetables
Video: Mendel's Principles of Inheritance (Father of Genetics)

For a complete list of videos, visit our video library