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

Author Question: The long run is distinguished from the short run because only in the long run A) output prices ... (Read 79 times)

nmorano1

  • Hero Member
  • *****
  • Posts: 598
on: Jun 29, 2018
The long run is distinguished from the short run because only in the long run
 
  A) output prices can vary.
  B) factor of production prices can vary.
  C) the quantities of all factors of production can be varied.
  D) the firm no longer maximizes its profit.

Question 2

Technological efficiency necessarily means producing
 
  A) at minimum cost.
  B) with the highest level technology available.
  C) without using more inputs than necessary.
  D) technology itself.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tofugiraffe

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

C

Answer to Question 2

C


nmorano1

  • Member
  • Posts: 598
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

isabelt_18

  • Member
  • Posts: 342
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Testing the effects of long-term fertilizing on inter-actions between mycorrhizal fungi and plants o Testing the effects of long-term fertilizing on inter-actions between mycorrhizal fungi and plants o
A track inside an ignition coil is not a short, but rather it is a low-resistance path or hole that ... A track inside an ignition coil is not a short, but rather it is a low-resistance path or hole that ...
A typical accelerator pedal position (APP) sensor, showing two different output voltage signals ... A typical accelerator pedal position (APP) sensor, showing two different output voltage signals ...
How long does exercise affect blood sugar? How long does exercise affect blood sugar?
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 ...
Perform the indicated division (long division polynomials) Perform the indicated division (long division polynomials)
Video: Introduction to Eating Disorders

For a complete list of videos, visit our video library