Homework Answers
Answer 20
The correct answer is (c) in which a manager can freely adjust all inputs.
In short sun there is some input that is fixed (like capital) but in the long run there is no such input which is fixed i.e. all inputs are variable. So, A long run is that period where there is no fixed input and thus manager can freely adjust all inputs.
Hence, The correct answer is (c) in which a manager can freely adjust all inputs.
Add Answer to:
Question 20 20. In economics, the long run is a time period longer than one financial...
18. Which of the following is most accurate about the Minimum Encient Scale (MES) of arm? Because a firm has variou...
18. Which of the following is most accurate about the Minimum Encient Scale (MES) of arm? Because a firm has various short-run average cost curves. It also has various MES scales. MES is the scale of operation at which diseconomies of scale starts to dominate. OMES is the scale of operation where at least one short run average cost starts to increase Specialization of labor can contribute to a firm's productivity only after it has reached its MES. D Question...
Economics defines the “long run” as a time period where a. all but one input are...
Economics defines the “long run” as a time period where a. all but one input are variable. b. all inputs are fixed. c. output is variable. d. all inputs are variable. . Jim decides to start a business manufacturing toothpaste. Which of the following would be an economic cost of the undertaking, but not an accounting cost? a. $100,000 of Jim's own money that he invests to start up the business. b. The wages Jim pays to his staff of...
Saved Question 20 (1 point) The long run: O is longer in industries that take longer...
Saved Question 20 (1 point) The long run: O is longer in industries that take longer to make adjustments in input levels. ) depends on Search documents and file names for text f production being considered. O is defined as however long it takes for a firm to vary all of its costs. O All of these are true. Saved Question 21 (1 point) Economists consider: O explicit and implicit costs. O the opportunity costs involved with a firm's decision....
1. The long run is a period that is: A. long enough to vary the quantities...
1. The long run is a period that is: A. long enough to vary the quantities of all factors of production. B. long enough to vary all factors of production except for the amount of capital available. C. at least one year. D. more than one month. 2. In the long run: A. the firm has time to change the level of all inputs. B. all inputs are more expensive. C. inputs are neither variable nor fixed. D. at least...
The long run is a period of time in which: options: 1) the firm will not...
The long run is a period of time in which: options: 1) the firm will not be able to make a profit. 2) at least one input is fixed. 3) the firm is guaranteed to be able to make a profit. 4) a firm can adjust the quantity of any input.
EERS The long run is defined as the time period over which O A. some of...
EERS The long run is defined as the time period over which O A. some of the firm's factors of production are imported. O B. some of the firm's factors of production are fixed. O C. all the firm's factors of production are identified. O D. all the firm's factors of production can be varied.
Question 1 (1 point) 1. The short run is a period of time in which the...
Question 1 (1 point) 1. The short run is a period of time in which the amount of output is fixed. nothing the firm does can be altered. the quantity of at least one factor of production is fixed. prices and wages are fixed. Question 2 (1 point) 2. When the demand for electricity peaks during the hottest days of summer, Florida Power and Light Company can generate more electricity by using more fuel and increasing the working hours of...
Question 37 Supply-side economics emphasizes: long-run effects on aggregate supply rather than short-run effects on aggregate...
Question 37 Supply-side economics emphasizes: long-run effects on aggregate supply rather than short-run effects on aggregate demand. all of the above. low marginal tax rates. increasing incentives to work, save, and invest. ---------------------- A progressive tax system is one for which: each tax payer pays an equal dollar amount in taxes. taxes as a percentage of income decreases as income increases. taxes as a percentage of income are the same for all income levels. taxes as a percentage of income...
16. The short run is a. less than a year. b. three years. c. a time period in which at least one input is fixed. d. a time period in which at least one set of outputs has been decided upon. According...
16. The short run is a. less than a year. b. three years. c. a time period in which at least one input is fixed. d. a time period in which at least one set of outputs has been decided upon. According to the law of diminishing returns a. the total product of an input will eventually be negative. b. the marginal product of an input will eventually be negative.d c. the total product of an input will eventually decline....
9:10 + Exit Question 7 2 pts Accounting costs represent explicit costs paid by the firm....
9:10 + Exit Question 7 2 pts Accounting costs represent explicit costs paid by the firm. opportunity costs. both sunk and future costs. long run costs only. Question 8 2 pts Explicit costs are the opportunity costs of all resources used by the firm. the costs associated with the resources that the firm owns. O actual expenditures that a firm must make. all costs associated with the short run. 9:10 + As a firm's production increases in the short run,...
18. Which of the following is most accurate about the Minimum Encient Scale (MES) of arm? Because a firm has various short-run average cost curves. It also has various MES scales. MES is the scale of operation at which diseconomies of scale starts to dominate. OMES is the scale of operation where at least one short run average cost starts to increase Specialization of labor can contribute to a firm's productivity only after it has reached its MES. D Question...
Saved Question 20 (1 point) The long run: O is longer in industries that take longer to make adjustments in input levels. ) depends on Search documents and file names for text f production being considered. O is defined as however long it takes for a firm to vary all of its costs. O All of these are true. Saved Question 21 (1 point) Economists consider: O explicit and implicit costs. O the opportunity costs involved with a firm's decision....
EERS The long run is defined as the time period over which O A. some of the firm's factors of production are imported. O B. some of the firm's factors of production are fixed. O C. all the firm's factors of production are identified. O D. all the firm's factors of production can be varied.
Question 1 (1 point) 1. The short run is a period of time in which the amount of output is fixed. nothing the firm does can be altered. the quantity of at least one factor of production is fixed. prices and wages are fixed. Question 2 (1 point) 2. When the demand for electricity peaks during the hottest days of summer, Florida Power and Light Company can generate more electricity by using more fuel and increasing the working hours of...
16. The short run is a. less than a year. b. three years. c. a time period in which at least one input is fixed. d. a time period in which at least one set of outputs has been decided upon. According to the law of diminishing returns a. the total product of an input will eventually be negative. b. the marginal product of an input will eventually be negative.d c. the total product of an input will eventually decline....
9:10 + Exit Question 7 2 pts Accounting costs represent explicit costs paid by the firm. opportunity costs. both sunk and future costs. long run costs only. Question 8 2 pts Explicit costs are the opportunity costs of all resources used by the firm. the costs associated with the resources that the firm owns. O actual expenditures that a firm must make. all costs associated with the short run. 9:10 + As a firm's production increases in the short run,...
Most questions answered within 3 hours.
-
(Sort ArrayList) Write the following method that sorts an
ArrayList: public static > void sort(ArrayList list)...
asked 13 minutes ago -
The terms electrical and electronic have similar but
different meanings which of the following statement is...
asked 40 minutes ago -
Prince Equipment has to decide whether to obtain $1,000,000 of
financing by: (1) selling common stock...
asked 40 minutes ago -
You wish to test the claim that the mean GPA of night students
is than 2.5...
asked 1 hour ago -
A soft drink machine outputs a mean of 25 ounces per cup. The
machine's output is...
asked 2 hours ago -
Ross Co., Westerfield, Inc., and Jordan Company announced a new
agreement to market their respective products...
asked 1 hour ago -
What is the distance run by a runner 50m/hr and
60m/hr?
asked 2 hours ago -
Write a descendant selector rule that affects the <em>
element that is contained within the
<p>...
asked 2 hours ago -
The management of an electrical manufacturing plant determined
that the mean life of their 10 watt...
asked 3 hours ago -
On January 1, Year 1, Prairie Enterprises purchased a parcel of
land for $13,100 cash. At...
asked 3 hours ago -
Question 4: (3 marks)
On a recent PE-sponsored adventure education program, students
went hiking at Devil's...
asked 3 hours ago -
Programming in C#
Create a Money class that has as data members dollars and cents.
Include...
asked 3 hours ago