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

Author Question: Which of the following statements best represents a difference between short-run and long-run cost? ... (Read 20 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
on: Jul 1, 2018
Which of the following statements best represents a difference between short-run and long-run cost?
 
  A) Less than one year is considered the short run; more than one year the long run.
  B) There are no fixed costs in the long run.
  C) In the short-run labor must always be considered the variable input and capital the fixed input.
  D) All of the above are true.

Question 2

There is an indifference curve through every bundle because of the assumption of
 
  A) transitivity.
  B) completeness.
  C) rationality.
  D) nonsatiation.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bfulkerson77

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

B

Answer to Question 2

B


strangeaffliction

  • Member
  • Posts: 660
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

tranoy

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

A herd of barren-ground caribou at the Thelon River. This subspecies is a long-distance migrant A herd of barren-ground caribou at the Thelon River. This subspecies is a long-distance migrant
Features found in a long bone. Features found in a long bone.
The Increasing Cost of Health Care, 1960–2010 The Increasing Cost of Health Care, 1960–2010
There Is a Difference between Natural and Added Sugars There Is a Difference between Natural and Added Sugars
Sensitivity study for facial difference Sensitivity study for facial difference
C heck the description bcuz the question is too long. there is a file attached but it is the ... C heck the description bcuz the question is too long. there is a file attached but it is the ...
Video: Predator- prey competition and symbiosis

For a complete list of videos, visit our video library