Business, 02.08.2019 23:20 ayoismeisjjjjuan

To economists, the main difference between the short run and the long run is that multiple choice in the short run all resources are fixed, while in the long run all resources are variable. fixed costs are more important to decision making in the long run than they are in the short run. in the long run all resources are variable, while in the short run at least one resource is fixed. the law of diminishing returns applies in the long run, but not in the short run.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 19:20

Which of the following best explains why large companies have an advantage over smaller companies? a. economies of scale make it possible to offer lower prices. b. the production possibilities frontier is wider for a larger company. c. decreasing marginal utility enables more efficient production. d. increasing the scale of production leads to a reduction in inputs.2b2t

Answers: 1

Answer

Business, 22.06.2019 18:50

)a business incurs the following costs per unit: labor $125/unit, materials $45/unit, and rent $250,000/month. if the firm produces 1,000,000 units a month, calculate the following: a. total variable costs b. total fixed costs c. total costs

Answers: 1

Answer

Business, 22.06.2019 19:00

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.

Answers: 2

Answer

Business, 22.06.2019 20:00

The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer:

Answers: 2

Answer

You know the right answer?

To economists, the main difference between the short run and the long run is that multiple choice in...

Questions