User Account

All Pages

Distinguish between the short run and the long run

Assignment Help Microeconomics
Reference no: EM132519067

Please help and provide examples

Sarah owns a bakery that has four ovens, one full-time exempt administrative employee, and eight part-time hourly bakers.

-Distinguish between the short run and the long run. What will differentiate the short run and the long run?

-Describe fixed inputs and variable inputs. Which inputs are fixed and which are variable in Sarah's bakery?

-Why would marginal productivity decline after a certain level of production?

-How can this problem of diminishing returns or marginal productivity be reduced or removed?

Reference no: EM132519067

Questions Cloud

Is the firm maximizing its economic profit : Is the firm maximizing its economic profit? What should the firm do to maximize profit or minimize loss?
Telemedicine and social media in healthcare : Analyze the scope, challenges, and impact of eHealth, mHealth, telemedicine, and social media use in health care and public health.
Design detailed business plan for new product : Design a detailed business plan for a new product, service, or business venture of your choice. Description of industry or industry closest to your product
Prepare the journal entries that would appear in txa ltd : Provide the journal entries that would appear in TXA Ltd.'s books to account for the acquisition of Machine. Land in the books of TXA Ltd the land is recorded
Distinguish between the short run and the long run : Sarah owns a bakery that has four ovens, one full-time exempt administrative employee, and eight part-time hourly bakers.
Write a reflection on your work experience : Write a reflection on your work experience at a facility attending to COVID-19 patients in California. Explain the challenges you are facing.
Specializes in recycling used plastics into consumer goods : Alternatively, you can produce lampshades: you calculate that at the optimal production, you expect to sell 2,000 lampshades every year at $10 each
Create necessary journal entries for disposal of machinery : On 1 July 2016, Create the necessary journal entries for the disposal of the machinery and the acquisition of the motor vehicle on 1 July 2019.
Define how article will be beneficial to your assigned topic : In this writing, locate an article pertaining to the topic below. Choose your article wisely, because you will be incorporating the article into all three of.

Reviews

Write a Review

Microeconomics Questions & Answers

  What area in your diagram represents the economic surplus

Graph the demand and supply curves. What is the free-market equilibrium in this market? What area in your diagram represents this economic surplus?

  Economic agent derives value

What is the difference between using the term "value" and using the term "utility"? For example, if an economic agent derives value of $x from a certain

  Reject the null hypothesis

How do researchers determine whether or not to reject the null hypothesis?

  Compute bobs mrs as a function of c and p

Compute the formula for Bob's indi erence curves by setting and compute Bob's MRS as a function of C and P

  Automobile manufacturing facilities from the detroit area

In an effort to stop the migration of many of the automobile manufacturing facilities from the Detroit area, Detroit’s city council is considering passing a law that would give investment tax credits to auto manufacturers.

  Is the budget in this economy balanced

Consider an open economy with the following consumption and tax functions: C = 5 + 0.75YD , T = 0.20Y Assume I0 = 100; G0 = 110; X0 = 90 and M0 = 105 - Find the equilibrium output.

  Create a supply and demand graph in excel

Create a supply and demand graph in Excel that demonstrates the relationship between the amount buyers are willing to purchase and the quantity available.

  What are some of the intangible disadvantages

Brown Company is short on cash and is attempting to determine whether it would be advantageous to forgo the discount on this month's purchases or to borrow fund

  What will be the value of the investments at the end

A woman makes an investment every 3 months at a nominal annual interest rate of 28%, compounded quarterly. Her first investment was $100.

  Construct the payoff matrix for the game

Soapy Inc. and Suddies Inc., the only soap- powder producers, collude and agree to share the market equally. If neither firm cheats, each makes $1 million.

  Examine major complexities that would arise under expansion

Write a six to eight page paper in which you: Examine the major complexities that would arise under expansion via capital projects.

  Explain over drafts, reaping profit

WHAT IS THE BENEFITS OF "OVERDRAFT PROTECTION" PROGRAMS TO DESPOSITOR? HOW MAY THE "OVERDRAFT PROTECTION" PROGRAMS AFFECT THE CREDIT RISK THAT BANKS FACE?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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