« previous next »

Author Question: In economics, the short run is the time frame in which the quantities of ________ and the long run ... (Read 106 times)

tuffie

  • Hero Member
  • *****
  • Posts: 534
on: Jun 29, 2018
In economics, the short run is the time frame in which the quantities of ________ and the long run is the period of time in which ________.
 
  A) some factors of production are variable; the quantities of all factors of production are fixed
  B) all factors of production are variable but technology is fixed; technology is variable
  C) all factors of production are fixed; the quantities of all factors of production can be varied
  D) some factors of production are fixed; the quantities of all factors of production can be varied

Question 2

At the current quantity of pizza, the marginal social benefit is greater than the marginal social cost. Then
 
  A) the number of pizzas produced is efficient.
  B) more pizzas must be produced to reach the efficient level.
  C) fewer pizzas must be produced to reach the efficient level.
  D) revenue for pizza producers is maximized.


yeungji

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

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

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?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Long-term studies of the Glanville fritillary butterfly, Melitaea cinxia, have provided exceptional Long-term studies of the Glanville fritillary butterfly, Melitaea cinxia, have provided exceptional
The span of Homo sapiens sapiens’ time on earth The span of Homo sapiens sapiens’ time on earth
Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The
Radiation Side Effects, Healing Time, and Intervention Radiation Side Effects, Healing Time, and Intervention
Most lifts are equipped with short pad extensions that are often necessary to use to allow the pad ... Most lifts are equipped with short pad extensions that are often necessary to use to allow the pad ...
Video: Types of energy transfer reactions: oxidation-reduction reactions and ATP generation reactions

For a complete list of videos, visit our video library