for each of the following industries, what is the short run constraint that can only be...
Homework Answers
a) For a fast food restaurant the building and machinery they are operating can be changed in the long run only.
b) Hair stylist can change its eating capacity and the area of working in the long run only.
c) School building again can only be changed in the long run only.
d) Automobile manufacture's machinery can be changed in the long run only.
These are mostly the fixed assets of the company that takes a change in the capital or involves capacity improvement of the firm can be changed in the long run only.
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for
each of the following industries, what is the short run constraint
that can only be...
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...
What has changed in the industry when moving from the short run to the long run? Explain why.
What has changed in the industry when moving from the short run to
the long run? Explain why.
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For each of the following events, explain the short-run and long-run effects on output and the...
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Can anyone figure this out?? What 3 companies can you think of and what type of...
Can anyone figure this out??
What 3 companies can you think of and what type of assets would be
on their balance sheets?
Thanks
E M4 Discussion #2 ONE WEEK ONLY Name three (3) different companies with which you are familiar, preferably in different industries. By different industries am talking about a manufacturer, retailer, a service business like a hair salon or a college, or your local vet. These are just examples. Try to mix up the types of businesses...
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...
What has changed in the industry when moving from the short run to
the long run? Explain why.
Q1: The following graph shows the current short-run average total cost (ATC), short-run marginal cost (MC), and long-run average cost (LATC) curves of a typical perfectly competitive firm that uses only labour and physical capital to produce its product and the current market price (PⓇ). S/unit MC ATC LATC B Pa E Q1 Q2 Quantity a) How many units of output would the firm choose to produce in the short run? Explain. b) Is the firm making an economic profit...
Identify whether each statement describes the market period, the short run, or the long run. Output and the number of firms are fixed. Plant capacity is flexible. Firms can enter and exit an industry. Plant capacity and the number of firms are fixed. Firms can employ more labor if needed. short run long run market period
In the short run, a restaurant can produce 1,000 meals of burgers, fries and shakes per day with 10 employees per shift. After the first year in business, they have 12 employees per shift, but output has dropped to 900 meals/day. (A) Why have they experienced a decrease in output related to the businesses production process? After recognizing what was going on, the business owners adjusted and increased output to 1,500 meals/day with 12 employees per shift in the same...
Can anyone figure this out??
What 3 companies can you think of and what type of assets would be
on their balance sheets?
Thanks
E M4 Discussion #2 ONE WEEK ONLY Name three (3) different companies with which you are familiar, preferably in different industries. By different industries am talking about a manufacturer, retailer, a service business like a hair salon or a college, or your local vet. These are just examples. Try to mix up the types of businesses...
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