Produces zero output in the short run

Assignment Help Business Economics

Reference no: EM131000834

Which of the following is not true if a firm shuts down and produces zero output in the short run: A. Variable cost will be zero B. Losses will be incurred C. Fixed costs will be greater than zero D. Fixed cost will be less than zero.

Reference no: EM131000834

Questions Cloud

What is non-neutral technical change : What is neutral technical? What is non-neutral technical change? Suggest a specific example of nonneutral technical change that occurred in the US. In England until 1950, many homes were heated by burning coal in a fireplace; now most homes are heate..

Measure of natural resources used in production : Consider a production function of the form Y = AF (K, N, Z), where Z is a measure of natural resources used in production. Assume this production function has constant returns to scale and diminishing returns in each factor. What will happen to outpu..

Cost-push inflation is a rise in the general price level : Cost-push inflation is a rise in the general price level due to higher input prices. Cost-push inflation is a rise in the general price level due to the economy operating past or above potential output/income.

Identified two sources of macroeconomic expectations : If inventory levels across the nation are unexpectedly low, what would you expect to see happen to unemployment and inflation? Economists have identified two sources of macroeconomic expectations, what are they?

Produces zero output in the short run : Which of the following is not true if a firm shuts down and produces zero output in the short run: A. Variable cost will be zero B. Losses will be incurred C. Fixed costs will be greater than zero D. Fixed cost will be less than zero.

More toward concentration or toward competition : Is the US economy moving more toward concentration or toward competition? If it's moving toward concentration, there is a need for antitrust laws. But if it's moving more toward competition (the view of the Chicago school), do we really need antitrus..

What role does economics play in the political realm : What role does economics play in the political realm? Why do we care what type of market China and Russia have? Can any of you provide an example of how this influences your daily life?

The shift of demand or supply : Suppose you are the manager of a California winery. How would you expect the following events to affect the market equilibrium price (up or down) you receive for a bottle of wine? Please state the shift (leftward or rightward) of demand or supply.

Analyze effects of a reduction in the nominal money stock : Analyze the effects of a reduction in the nominal money stock on the price level, on output, and on the real money stock when the aggregate supply curve is positively sloped and wages adjust slowly over time.

User Account

All Pages