The long run: a. is a period long enough for every input except ...

[gonzo233]

The long run:
 a. is a period long enough for every input except plant size to be varied.
  b. is a period in which there are no fixed costs.
 c. is typically a period of two years.
 d. is all of the above.

Question 2

If the par value of a bond is 200, and the bid price of the bond is 90, it implies that:
 a. the bond is sold at 110.
  b. the bond was bought at 110.
  c. the bond is trading at a discount of 10 percent of its par value.
  d. the bond is trading at 45 percent of its par value.
  e. the bond is trading at a premium of 15 percent.

[canderson530]

Answer to Question 1

b

Answer to Question 2

d