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

Author Question: The short run is a period of time in which A) the quantity of at least one factor of production ... (Read 157 times)

londonang

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
The short run is a period of time in which
 
  A) the quantity of at least one factor of production is fixed.
  B) the amount of output is fixed.
  C) prices and wages are fixed.
  D) nothing the firm does can be altered.

Question 2

Suppose Jill's consumption bundle is made up of 2 goods, apples and bottles of juice. If the price of an apple increases, then Jill's budget line would
 
  A) not change.
  B) shift towards the origin on the apples axis only.
  C) shift towards the origin on both the apples and bottles of juice axes.
  D) shift away from the origin on the bottles of juice axis only.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nyrave

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

A

Answer to Question 2

B


londonang

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
Excellent

chjcharjto14

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

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?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Transdermal patch administration: (b) patch immediately applied to clean, dry, hairless skin and lab Transdermal patch administration: (b) patch immediately applied to clean, dry, hairless skin and lab
Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho
Embryonic Period Embryonic Period
Embryonic Period - organogenesis Embryonic Period - organogenesis
Complete the following production chart and plot the points. Complete the following production chart and plot the points.
Because the factor h on the right side of the Heisenberg uncertainty principle has units of ... Because the factor h on the right side of the Heisenberg uncertainty principle has units of ...
Video: Blood Test Basics

For a complete list of videos, visit our video library