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

Author Question: How long is the short-run time period in the economic analysis of the market? A) three months or ... (Read 110 times)

Melani1276

  • Hero Member
  • *****
  • Posts: 516
on: Jul 1, 2018
How long is the short-run time period in the economic analysis of the market?
 
  A) three months or one business quarter
  B) total time in which sellers already in the market respond to changes in demand and equilibrium price
  C) total amount of time it takes new sellers to enter the market
  D) total amount of time it takes original sellers to leave the market

Question 2

When a firm's MC curve shifts to the right, it implies that
 
  A) new firms are entering the market.
  B) labor productivity is decreasing.
  C) labor productivity is increasing.
  D) the firm's overhead costs are decreasing.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jharrington11

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


Melani1276

  • Member
  • Posts: 516
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago
Time Line of Human History From Upper Paleolithic Period to the Present Time Line of Human History From Upper Paleolithic Period to the Present
Is the self the same as the brain? Materialists contend that in the final analysis, mental states ... Is the self the same as the brain? Materialists contend that in the final analysis, mental states ...
Maximal Heart Rate Over Time Maximal Heart Rate Over Time
Table - Correlation Analysis Table - Correlation Analysis
Video: Cellular defenses (natural killer cells, phagocyte types & process of phagocytosis)

For a complete list of videos, visit our video library