In the short-short run firm

Assignment Help Business Economics
Reference no: EM131107415

Which of the following statements is false? In the short-short run a firm:

(A) Incurs only fixed costs

(B) Its average costs are its average fixed costs

(C) Its marginal costs are also fixed

(D) Its total costs are its total fixed costs.

Reference no: EM131107415

Questions Cloud

Consider the wage differentials across occupations : The wage distributions for three occupations in the Pennsylvania food services industry are provided below. Consider the wage differentials across occupations. How do they compare to the prediction of the Law of One Wage? With respect to your answer,..
Consumers with an elastic demand for service : Consumers with an elastic demand for a service will not bear the burden of a tax if the suppliers of a good have an inelastic supply. Suppliers with an inelastic supply for a service will not bear the burden of a tax if the consumers of a good have a..
Marketing is fundamentally different from goods marketing : Some services marketers strongly maintain that service marketing is fundamentally different from goods marketing and that different skills are involved. Some traditional goods marketers disagree, saying, “good marketing is good marketing.”
The solution is to increase ticket prises : Suppose you are a member of a local soccer club. The goal of your soccer is to increase the amount of revenue earned from ticket sales in the local competition. Two executives of the soccer club, Evadney and Felix suggest that the solution is to incr..
In the short-short run firm : In the short-short run a firm
Decreasing returns to scale : Decreasing returns to scale
Offshoring can reduce production costs : There are limits to the number of jobs that can move from developed countries to the Philippines, India and China. What determines those limits? Offshoring can reduce production costs and increase economic efficiency. What impacts might offshoring ha..
Grounded in particular political values with political norms : Each of the readings and videos for this part of the class had an actual point of view. They were grounded in particular political values with political norms, assumptions and goals, some of which are explicit and some of which are not stated. In oth..
Explain how feds affect monetary policy : Explain how Feds affect monetary policy, including how they influence interest rates and securities prices and provides examples. Identify important factors of Fed monetary policy, describing tools they use in a descriptive and concise writing style.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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