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

Author Question: Define what is meant by the period known as the short run. What will be an ideal ... (Read 228 times)

cabate

  • Hero Member
  • *****
  • Posts: 537
on: Jun 29, 2018
Define what is meant by the period known as the short run.
 
  What will be an ideal response?

Question 2

What three things must a firm know in order to calculate costs?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cat123

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

The short run is the period during which firms face limits imposed by some fixed factor of production and firms cannot enter or exit an industry.

Answer to Question 2

(1.) The techniques of production available.
(2.) The prices of inputs.
(3.) Output.


cabate

  • Member
  • Posts: 537
Reply 2 on: Jun 29, 2018
Wow, this really help

  • Member
  • Posts:
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Megazostrodon, the first known mammal of the Triassic period. Megazostrodon, the first known mammal of the Triassic period.
A 3-tonne (3.0-long-ton; 3.3-short-ton) great white shark off Isla Guadalupe A 3-tonne (3.0-long-ton; 3.3-short-ton) great white shark off Isla Guadalupe
Observed Mother–Child Arguments at Five Time Points Over an Eight-Year Period Observed Mother–Child Arguments at Five Time Points Over an Eight-Year Period
Hormones acting through the brain help regulate metabolism and short- and long-term appetite. Hormones acting through the brain help regulate metabolism and short- and long-term appetite.
Embryonic Period Embryonic Period
Short Table of Laplace Tranforms Short Table of Laplace Tranforms
Video: Embryonic development - Week 3

For a complete list of videos, visit our video library