« previous next »

Author Question: The length of the short run is the same for all firms. Indicate whether the statement is true or ... (Read 84 times)

Melani1276

  • Hero Member
  • *****
  • Posts: 516
on: Jul 1, 2018
The length of the short run is the same for all firms.
 
  Indicate whether the statement is true or false

Question 2

Production functions only apply to advanced economies.
 
  Indicate whether the statement is true or false


GCabra

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 1, 2018
Answer to Question 1

False. Firms differ in their ability to change the amount of capital they employ. Therefore, the short-run period is likely different for firms in different industries.

Answer to Question 2

False. Production functions describe the relationship between inputs and outputs, and apply to all kinds of economies.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Melani1276

  • Hero Member
  • *****
  • Posts: 516
Reply #2 on: Jul 1, 2018
Thank you :)


GCabra

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
An adjustable wrench. Adjustable wrenches are sized by the overall length of the wrench, not by how ... An adjustable wrench. Adjustable wrenches are sized by the overall length of the wrench, not by how ...
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 ...
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), ...
Data management short answer q Data management short answer q
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: Phases of the Female Reproductive Cycle - Hormonal regulation

For a complete list of videos, visit our video library