Describes the short-run time production period

Assignment Help Business Economics
Reference no: EM13984384

Which of the following describes the short-run time production period?

Firms can vary only one of the inputs in the production process.

Firms can vary all inputs into the production process.

Firms cannot vary any of the inputs into the production process.

Firms can choose to go out of business.

Reference no: EM13984384

Questions Cloud

The reason for the cost overrun for the project : Understanding the reasons for past project overruns provides valuable lessons to improve future cost estimates. What do you think is the reason for the cost overrun for the project? Which cost estimating methods or other corrective actions could have..
Describes the classical view of economics : Which of the following best describes the classical view of economics?
Describes increasing returns stage of production function : Which situation describes the increasing returns stage of the production function?
Which statement does not correctly describe bonds : Which statement does NOT correctly describe bonds?
Describes the short-run time production period : Which of the following describes the short-run time production period?Firms can vary only one of the inputs in the production process. Firms can vary all inputs into the production process. Firms cannot vary any of the inputs into the production proc..
Different products as its automobiles : If Honda uses its company name to cover such different products as its automobiles, lawn mowers, and motorcycles, it is practicing which of the following strategies?
Describes the inflation-unemployment trade off : Which of the following describes the inflation-unemployment trade off?
Requirements for effective segmentation : Therefore, this group fails in one of the requirements for effective segmentation. Which of the following is most likely to apply in this case?
An example of a demand shift : Which of the following is NOT an example of a demand shift?  a. A promotion at works leads to increased spending on vacation travel. b. A shoe store sale leads to higher demand for its shoes. c. A safety recall of the Honda Prius leads to lower deman..

Reviews

Write a Review

Business Economics Questions & Answers

  Calculate the total costs and marginal costs of abatement

Assume two power plants release Sulfur Dioxide (SO2) in Athens, GA. A1 is the abatement in firm1 and A2 is the abatement in firm 2. Please calculate the total costs and marginal costs of abatement for both firms under a uniform allocation approach. U..

  Fixed costs also express why they are fixed

Suppose me also my roommate started a bagel delivery service on campus. List some of our fixed costs also express why they are fixed.

  Example of how the principle of opportunity cost applies

Give an example of how the Principle of Opportunity Cost applies to your life. Think of a recent decision you made. It could be a decision as simple as whether to eat out or cook your own dinner, or it could be a decision to quit your job and go back..

  Calculate the real-world multiplier

Consider again an economy with the usual required reserve ratio (rr); economy-wide checking (demand deposits) of $400,000; total cash within banks of $100,000; cash held by the public of $36,000; and er = 0.16. Calculate the "real-world" multiplier.

  Heckscher-ohlin trade theory

"The Heckscher-Ohlin Trade Theory is about how two countries can get greater gains from trading with each other if they have different resources one have more labor and the other have more capital. The Trade Ruler game is set in "the Hechscher-Ohlin ..

  The price of a pound sterling in terms of the dollar

Suppose that one canister of Pringles costs £25, that of Macadamia Nuts costs $5 per can, and that the relative price of Macadamia Nuts in terms of Pringles is 3 cans per canister. Figure out the following: The dollar-pound exchange rate, i.e. the pr..

  Fixed proportions production function

Suppose an automobile manufacturer has a fixed proportions production function that requires it always uses 2 workers and 1 machine to produce 1 car belt. If the wage rate w = $10 and rental rate are r = $15. What is the cost-minimizing combination o..

  Explain how much will kris''s payments be

if the original amount of loan is for $24000 and interest is 1/2% per month on the unpaid balance, explain how much will Kris's payments be.

  Although gdp is reasonably good measure of nations output

Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the inco..

  Derive the payoff matrix and find the strategies

Two companies are deciding at what point to enter a market. The market lasts for four periods and companies simultaneously decide whether to enter in period 1, 2, 3, or 4, or not enter at all. Thus, the strategy set of a company is {1,2,3,4,do not en..

  Interest rate and compounding frequency remain the same

Suppose you borrowed $10,000 at an interest rate of 12%, compounded quarterly over 36 months. At the end of the first year (after 4 payments), you want to negotiate with the bank to pay off the remainder of the loan in 4 equal semi-annual payments. W..

  Discuss some of the environmental issues

Research, identify and discuss some of the environmental issues faced by business and society as well as at least two strategic approaches organizations are using to respond to these issues.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd