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

Author Question: The short run is a time period such that: a. the existing firms in the industry do not have ... (Read 83 times)

jc611

  • Hero Member
  • *****
  • Posts: 552
on: Jun 30, 2018
The short run is a time period such that:
 a. the existing firms in the industry do not have sufficient time to adjust the quantity of any inputs which they employ.
  b. the existing firms in the industry do not have sufficient time to adjust their current rate of output.
 c. new entrants have sufficient time to build factories and enter the industry.
 d. the existing firms in the market do not have sufficient time to increase the size of their existing plants or build new factories.

Question 2

The idea of comparable worth implies that wages are to be determined by the job characteristics and not merely by the interaction of demand and supply.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jojobee318

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


jc611

  • Member
  • Posts: 552
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

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.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Radiation Side Effects, Healing Time, and Intervention Radiation Side Effects, Healing Time, and Intervention
The air flowing into the engine can be directed through long or short runners for best performance ... The air flowing into the engine can be directed through long or short runners for best performance ...
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), ...
Short-wavelength flux is reflected by Earth Short-wavelength flux is reflected by Earth
Carboniferous Period Carboniferous Period
Continental Drift: An Idea Before Its Time Continental Drift: An Idea Before Its Time
Video: How does an animal choose what food to eat?

For a complete list of videos, visit our video library