What distinguishes the short run from the long run

Assignment Help Microeconomics

Reference no: EM13690981

What distinguishes the short run from the long run?

A) In the short run, all inputs are variable, and in the long run, all inputs are variable.

B) In the short run, some inputs are fixed, and in the long run, some inputs are fixed.

C) In the short run, some inputs are fixed, while in the long run, all inputs are variable.

D) In the short run, all inputs are variable, while in the long run, some inputs are fixed.

Reference no: EM13690981

Questions Cloud

The worlds supply of loan able funds decreases : Use the model from chapter 5 of the textbook to predict how each of the following shocks would affect national saving (S), investment (I), the trade balance (NX), and the real exchange rate (e) in a small, open economy with perfect capital mobility, ..

What are two ways a country could promote economic growt : What are some externalities associated with cell phone use in cars? What are two ways you may try to solve this negative externality problem? What are two ways a country could promote economic growth? Explain.

Demand function for earrings-demand function for necklaces : Suppose that Madelyn always divides her annual jewelry budget between earrings (good x) and necklaces (good y) such that she always spends 40% of her budget on earrings per year. Furthermore, the current price of a pair of earrings is $10, the curren..

Demand function for the composite commodity : Suppose that Julie always spends $40 per month on wine (good X) and the remainder of her income on everything else (the composite commodity, good Y). Let the price of the composite commodity be $1 per unit of Y (this means that Y represents the $ spe..

What distinguishes the short run from the long run : What distinguishes the short run from the long run?

Overall results of stogdills second survey : Which best describe the overall results of Stogdill's second survey when compared to his initial survey?

Traits are associated with charismatic leadership : The following traits are associated with charismatic leadership:

Compensatory income that corresponds to this price change : Matt spends $40 per month on peanut butter (good x, measured in jars) and bread (good y, measured in loaves). He wishes to consume the goods according to the following utility function: u(x,y) = min(2x,y).

Ethical perspective speaks directly to values of workers : His ethical perspective speaks directly to values of workers and values of organizations.

User Account

All Pages