Question

The difference between short run and long run in microeconomics is whether there is a ________...

The difference between short run and long run in microeconomics is whether there is a ________ cost or not. The ______ inputs are inputs whose quantities do change over the quantity of output produced.

Fixed: Variable

Variable: Variable

Variable: Fixed

Fixed: Fixed

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
21) The main difference between the short run and the long run is that: A) in...
21) The main difference between the short run and the long run is that: A) in the short run all inputs are fixed, while in the long run all inputs are variable. B) in the short run the firm varies all of its inputs to find the least-cost combination of inputs. C) in the short run, at least one of the firm's input levels is fixed. D) in the long run, the firm is making a constrained decision about how...
What is the difference in the short-run and long-run in microeconomics?
What is the difference in the short-run and long-run in microeconomics?
1. For a perfectly competitive firm in the short run, the ____________ price is at minimum...
1. For a perfectly competitive firm in the short run, the ____________ price is at minimum average variable cost and the break-even price is at minimum ________ cost.    a. Shut-down: Marginal b. Shut-down: Average c. Operating: Average d. Operating: Marginal 2. The short-run supply curve for a perfectly competitive firm is a _______ line at zero quantity if the price is below minimum average variable cost but is the marginal cost if the price is at or above minimum...
25. In the economics for a company what is the difference between short run and long...
25. In the economics for a company what is the difference between short run and long run A) In the long run all factors of production can be changed, in the short run some factors of production are fixed B) In the short run all factors of production can be changed, in the long run some factors of production are fixed C) In the short run profits are less D) In the long run profits are less
What is short run and long run and how does that relate to microeconomics?
What is short run and long run and how does that relate to microeconomics?
Is the basic difference between the short run and the long run that the law of...
Is the basic difference between the short run and the long run that the law of diminishing returns applies in the long run, but not in the short run?
. The key difference between the long-run and short-run model is the assumption that prices are...
. The key difference between the long-run and short-run model is the assumption that prices are flexible. In the short-run prices are assumed to be fixed (or, at least, prices are expected not to fall). Why might prices be sticky downward?
Explain the difference between the “short run” and the “long run”. Be specific.
Explain the difference between the “short run” and the “long run”. Be specific.
Explain the difference between costs in the short run and long run
Explain the difference between costs in the short run and long run
1.        Is the basic difference between the short run and the long run that the...
1.        Is the basic difference between the short run and the long run that the law of diminishing returns applies in the long run, but not in the short run? 2.        Draw a typical production function and explain its shape. Below that diagram, draw an average product schedule and marginal product schedule. Indicate the relationship between the two diagrams. ##3         Explain why the marginal product of labour initially increases as more workers are hired and then eventually...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT