Which of the represents a short-run decision

Assignment Help Business Economics

Reference no: EM13892027

1. Which of the following represents a short-run decision?

A. Shakespeare's Pizza opens a new pizzaria in another part of town

B. Walmart and Best-Buy stay open later due to holidays

C. Apple launches a new iPhone.

D. The University of Missouri builds two classroom buildings.

2. A farmer discovers that the total cost of growing 2000 acres of corn is $400,000 and that the total cost of growing 2001 acres of corn is $401,000. The marginal cost of the 2001st acre of corn is …

1. $200

2. $1,000

3. $400,000

4. $401,000

Reference no: EM13892027

Questions Cloud

The multiplier effect of change in government purchases : The multiplier effect of a change in government purchases. Suppose the government in this economy decides to decrease government purchases by $250 billion. The decrease in government purchases will lead to a decrease in income, generating an initial ..

Baseball team and local stadium has commissioned study : The owner of a baseball team and local stadium has commissioned a study that showed the demand by fans for stadium seats (per playing date) to be P = 22 - 0.2Q, where P is the average price of a ticket and Q represents the number of seats (expressed ..

Long-run real interest rates are expected to increase : Long-run real interest rates are expected to increase. An accountant and an MBA student (who just finished his course of Managerial Economics) where interviewed regarding the effect on the firm they both work at. Keeping all else constant, their answ..

Assume that all seats and all games are the same in problem : The owner of a baseball team and local stadium has commissioned a study that showed the demand by fans for stadium seats (per playing date) to be P = 22 - 0.2Q, where P is the average price of a ticket and Q represents the number of seats (expressed ..

Which of the represents a short-run decision : Which of the following represents a short-run decision? A farmer discovers that the total cost of growing 2000 acres of corn is $400,000 and that the total cost of growing 2001 acres of corn is $401,000. The marginal cost of the 2001st acre of corn i..

Multi country or localized strategies : Which of the following is not one of the primary strategy options for competing in the markets of foreign countries? Multi country or localized strategies. Forming alliances and partnerships with local companies in every country market where the comp..

Based on the psychographic segmentation variable : Find a print/image advertisement that appears to be based on the psychographic segmentation variable, and one based on the behavioral segmentation variable. For each ad, identify the target market and support your proposal for the variable. Additiona..

The natives simply trade her checks among themselves : A famous American has been visiting the same tropical island for 15 years for vacations. When she goes she pays for everything by writing checks drawn on her U.S. bank. The currency the natives use are not U.S. dollars; they use a currency called a f..

What is the evolution of the capital stock over time : The economy of the United States is described by the following aggregate production function: Yt = minimum (Kt, Lt). Saving occurs at a constant rate s. Each period, capital depreciates at a constant rate δ. The population is constant. What is the e..

User Account

All Pages