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

Author Question: Distinguish between the short run and the long run. What will be an ideal ... (Read 76 times)

Caiter2013

  • Hero Member
  • *****
  • Posts: 607
on: Jun 29, 2018
Distinguish between the short run and the long run.
 
  What will be an ideal response?

Question 2

A firm has an incentive to decrease supply now and increase supply in the future if it expects that
 
  A) the price of its product will be lower in the future than it is today.
  B) more firms will enter the market in the future.
  C) the price of its product will be higher in the future than it is today.
  D) the prices of inputs used to produce the product will rise in the future.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

johnharpe

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

The short run is a period of time during which the quantity of at least one factor of production is fixed and cannot be changed. The long run is a period of time long enough so that the quantities of all factors of production can be varied.

Answer to Question 2

C


Caiter2013

  • Member
  • Posts: 607
Reply 2 on: Jun 29, 2018
Excellent

yeungji

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

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?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Intussusception. A short length of small intestine has telescoped into itself. Intussusception. A short length of small intestine has telescoped into itself.
How long does it take you to see the circles? How long does it take you to see the circles?
Long-range forecasts Long-range forecasts
Clear the thigh with long strokes. Start superior to the patella; place your full flat hand and ... Clear the thigh with long strokes. Start superior to the patella; place your full flat hand and ...
A tightrope walker walks across a 30-m long wire tied between two poles. The center of the wire ... A tightrope walker walks across a 30-m long wire tied between two poles. The center of the wire ...
Short form of amino acids Short form of amino acids
Video: Random alignment at Metaphase I Animation

For a complete list of videos, visit our video library