Which are likely to be variable in the long run

Assignment Help Microeconomics
Reference no: EM131919193

Problem

1. The dean of a college faces the following costs: graders, faculty, classroom space, and chalk. Of these costs, which are likely to be variable in the long run?

2. In the pet industry, would you expect the long run to be longer for a pet store or a veterinary clinic?

Reference no: EM131919193

Questions Cloud

How many days is a required production run : Johnson Plastics makes and sells, among many other things, specialty plastic display cases for retail stores. Johnson's expected demand for the display cases.
Describe a private cost and an external benefit : Describe a private cost, a private benefit, an external cost, and an external benefit that result from your decision to adopt a dog.
How much will the better plan earn : Another offers 6.75% compounded continuously. Which investment will earn more interest in 5 years? How much will the better plan earn?
Is our style of democracy uniquely american : Positive nationalism is define as, "proper love for one's country". Or, is our style of democracy uniquely American and un-reproducible?
Which are likely to be variable in the long run : The dean of a college faces the following costs: graders, faculty, classroom space, and chalk. Of these costs, which are likely to be variable in the long run?
How many Iggy Wiggy T-shirts should the company order : Concert Productions is planning an appearance of the top band Iggy Wiggy. They plan to buy custom designed T-shirts to sell at the stadium.
What is jarods accounting profit : Last year, Jarod left a job that pays $60,000 to run his own bike-repair shop. What is Jarod's accounting profit? What is Jarod's economic profit?
What time will joan catch up with jeff : His wife, Joan, leaves at 9:00 A.M., following the same path and averaging 8 miles per hour. At what time will Joan catch up with Jeff?
Determine the latitude and longitude of the best location : Using the center-of-gravity method, determine the latitude and longitude of the best location for the distribution center.

Reviews

Write a Review

Microeconomics Questions & Answers

  1 why does the economic transfer price to the consumer

1 why does the economic transfer price to the consumer include implicit cost normal profits externalitiea and other

  What price does each passenger pays

A travel agency offers a one week Caribbean tour for $1,000 per person. If more than 50 passengers join the tour, the price is reduced by $5 per additional passen- ger. The tour can accommodate 150 passengers.

  There is significant disagreement whether a dependable

there is significant disagreement whether a dependable positive correlation relationship exists between incentive pay

  Will natural gas or coal likely be used more heavily

will natural gas or coal likely be used more heavily in the future. Why or why not? Use economic logic to argue your point

  Discuss how factors you uncover related to aggregate supply

From the e-Activity, discuss how the factors you uncovered related to aggregate supply will likely impact the company in the next 6 to 12 months. Provide examples to support your response.

  Describe the terms marginal utility and diminishing

1. what assumptions about preferences imply that indifference curves have the bowed-in shape they are assumed to

  What is the value of the multiplier

Solve for equilibrium output. (Hint: Eliminate the interest rate from the IS and LM relations.) Derive the multiplier (the effect of a change of one unit in autonomous spend- ing on output).

  Why features of development of capitalism led to conflict

Then, explain why the features of the development of capitalism and the characteristics of the development of the labor movement you have discussed led to class conflict.

  As the plant manager should you suggest to owners that

assume you are the plant manager for bravo pork rinds which produces pork products in a market that approximates

  Limited resources and unlimited wants

Economists refer to limited resources and unlimited wants. Which of the following an example is of are source as the term is used by economists? Which of the following is a topic studied in Macroeconomics?

  Discuss concerning method for reducing risk and adding value

Describe a situation in which unconscious incubation worked for you. Describe one in which it did not. Can you explain why it worked in the first case.

  How does firm find out its prices and quantity of labor

how does a firm determine its prices and the quantity of labor required in the resource market during a specific

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