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 213 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
Excellent

kishoreddi

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Synodic Period Synodic Period
Time Line of Human History From Upper Paleolithic Period to the Present Time Line of Human History From Upper Paleolithic Period to the Present
The relationship between the permissible exposure limit (PEL), the short-term exposure limit (STEL), ... The relationship between the permissible exposure limit (PEL), the short-term exposure limit (STEL), ...
Embryonic Period - By the second day after fertilization Embryonic Period - By the second day after fertilization
Embryonic Period Embryonic Period
Data management short answer q Data management short answer q
Video: System organization - PPM system types (Somatic, Autonomic & Enteric) and Reflex arc types

For a complete list of videos, visit our video library