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

Author Question: How do economists define the time period known as the long run? What will be an ideal ... (Read 162 times)

bobypop

  • Hero Member
  • *****
  • Posts: 539
on: Jun 29, 2018
How do economists define the time period known as the long run?
 
  What will be an ideal response?

Question 2

A marginal external cost is the cost of producing an additional unit of a good that falls on the producer.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

medine

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

The long run is the period of time for which there are no fixed factors of production. Firms can increase or decrease their scale of operation, and firms can enter or exit the industry.

Answer to Question 2

FALSE


bobypop

  • Member
  • Posts: 539
Reply 2 on: Jun 29, 2018
Excellent

bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Tracking time of marker entry generates a chromosome map Tracking time of marker entry generates a chromosome map
Types of Long-Term Memories Types of Long-Term Memories
Disitive Time For Nuts Disitive Time For Nuts
Fetal Period Fetal Period
This table shows the growth of a crowd at a rally over a 3 h period. This table shows the growth of a crowd at a rally over a 3 h period.
The TaqMan approach to quantitative real-time PCR (qPCR) The TaqMan approach to quantitative real-time PCR (qPCR)
Video: Cellular defenses (natural killer cells, phagocyte types & process of phagocytosis)

For a complete list of videos, visit our video library