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Author Question: Economists usually assume that capital is a ________ input in the ________ run. (Read 31 times)

luvbio

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on: Apr 19, 2019

Question 1

All of the following statements about variable costs are true 
except


◦ they are equal to total costs in the long run.
◦ they are zero if output is zero.
◦ they are equal to the product of average variable cost and the output level.
◦ they are constant as output increases.

Question 2

Economists usually assume that capital is a ________ input in the ________ run.


◦ variable; short
◦ fixed; short
◦ fixed; long
◦ variable; short and long
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by luvbio on Apr 19, 2019

jgranad15

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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luvbio

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Reply #2 on: Apr 19, 2019
Thanks


jgranad15

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Reply #3 on: Apr 19, 2019
Welcome :)


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