In the short run: options: 1) all inputs are fixed. 2) all inputs are variable. 3)...
In the short run: options: 1) all inputs are fixed. 2) all inputs are variable. 3) some inputs are fixed and some inputs are variable. 4) the quantity of output is fixed.
Homework Answers
Correct answer : option 3 ) : Some inputs are fixed and some are variable
Reason :
By definition short run is the time period in which at least one input is fixed while other inputs may be variable, hence in short run some inpu6are fixed and some are variable.
Add Answer to:
In the short run: options: 1) all inputs are fixed. 2) all
inputs are variable. 3)...
In the long run, A. inputs that were variable in the short run become fixed. B...
In the long run, A. inputs that were variable in the short run become fixed. B inputs that were fixed in the short run remain fixed. C variable inputs are rarely used. D inputs that were fixed in the short run become variable.
1. In the case of a short-run production function: all of the inputs are variable. at...
1. In the case of a short-run production function: all of the inputs are variable. at least one of the inputs is fixed. the amount of labor employed is held constant. all of the inputs are fixed. 2. In the long-run production function, all of the inputs to the production process are allowed to vary. True False 3. In which of the following situations would a firm be more likely to rely on a capital-intensive method of production? When labor...
The two options (variable/fixed) are both of the options for both of the blanks. 2. Inputs...
The two options (variable/fixed) are both of the options for
both of the blanks.
2. Inputs and outputs Yakov's Performance Pizza is a small restaurant in San Diego that sells gluten free pizzas. Yakov's very tiny kitchen has barely enough room for the four ovens in which his workers bake the pizzas. Yakov signed a lease obligating him to pay the rent for the four ovens for the next year. Because of this, and because Yakov's kitchen cannot fit more...
Which of the following statements is true? a. In the short run all inputs are fixed....
Which of the following statements is true? a. In the short run all inputs are fixed. b. In the long run a firm is making the optimal input choice when the marginal products per dollar are equal among all inputs. C. Diminishing returns to labor means that adding one more worker will decrease output. d. All the above
Fixed costs exist only in the: Multiple Choice A. long run when some inputs are fixed....
Fixed costs exist only in the: Multiple Choice A. long run when some inputs are fixed. B. long run when all inputs are fixed. C. short run when some inputs are fixed. D. short run when all inputs are fixed.
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...
What is the distinction between the economic short run and the economic long run? A. In...
What is the distinction between the economic short run and the economic long run? A. In the short run, the firm incurs only explicit costs, but in the long run, the firm incurs explicit and implicit costs. OB. In the short run, the firm can vary all inputs, but in the long run, at least one input is fixed. O c. In the short run, the firm incurs only variable costs, but in the long run, the firm incurs fixed...
SHOW ALL WORK A profit-maximizing firm in the short run has total fixed costs of $200....
SHOW ALL WORK A profit-maximizing firm in the short run has total fixed costs of $200. Its variable costs are as below. Output Total Variable Cost 0 $0 1 $190 2 $360 3 $510 4 $650 5 $800 6 $990 7 $1,190 8 $1,420 9 $1,770 10 $2,170 (A) (3 pts.) Calculate average total cost when output is 5 units....
8. The following figure shows that the short-run marginal cost curve may lie above the long-run marginal cost curve. SA...
8. The following figure shows that the short-run marginal cost curve may lie above the long-run marginal cost curve. SAC MC , SAG SMGU, SMGIMCI SACI SMC 3 Yet, in the long run, the quantities of all inputs are variable, whereas in the short run, the quantities of just some of the inputs are variable. Given that, why isn't short-run marginal cost less than long-run marginal cost for all output levels?
9. In the short run, a firm incurs fixed costs a) only if it incurs variable costs. b) only if it produces no output....
9. In the short run, a firm incurs fixed costs a) only if it incurs variable costs. b) only if it produces no output. c) only if it produces a positive quantity of output. d) whether it produces output or not.
The two options (variable/fixed) are both of the options for
both of the blanks.
2. Inputs and outputs Yakov's Performance Pizza is a small restaurant in San Diego that sells gluten free pizzas. Yakov's very tiny kitchen has barely enough room for the four ovens in which his workers bake the pizzas. Yakov signed a lease obligating him to pay the rent for the four ovens for the next year. Because of this, and because Yakov's kitchen cannot fit more...
Which of the following statements is true? a. In the short run all inputs are fixed. b. In the long run a firm is making the optimal input choice when the marginal products per dollar are equal among all inputs. C. Diminishing returns to labor means that adding one more worker will decrease output. d. All the above
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...
What is the distinction between the economic short run and the economic long run? A. In the short run, the firm incurs only explicit costs, but in the long run, the firm incurs explicit and implicit costs. OB. In the short run, the firm can vary all inputs, but in the long run, at least one input is fixed. O c. In the short run, the firm incurs only variable costs, but in the long run, the firm incurs fixed...
8. The following figure shows that the short-run marginal cost curve may lie above the long-run marginal cost curve. SAC MC , SAG SMGU, SMGIMCI SACI SMC 3 Yet, in the long run, the quantities of all inputs are variable, whereas in the short run, the quantities of just some of the inputs are variable. Given that, why isn't short-run marginal cost less than long-run marginal cost for all output levels?
Most questions answered within 3 hours.
-
find the critical value associated with a right sided hypothesis of
the mean using a sample...
asked 1 hour ago -
Which of the following statements is true with respect to a
simple linear regression model?
a....
asked 1 hour ago -
The energy required to remove an electron from a surface of a
solid element is called...
asked 3 hours ago -
How would you train your employees to avoid risks of using
mobile devices?
asked 3 hours ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 4 hours ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 5 hours ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 6 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 7 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 7 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 8 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 10 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 10 hours ago