Analytic Time in economic theory of production

In economic theory of production: (1) Average fixed costs equally drop as the capacity of firm rises. (2) Technology can be varied wholly. (3) The choices available to firm raise as longer periods are considered. (4) Firms which do not cover all the historical costs can’t survive. (5) Firms might enter or leave a competitive market quicker than the technology changes.

Can someone please help me in finding out the accurate answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Illustration of complementary goods

Prices cross elasticity of demand of two between cable TV and VCRs entails that such goods are: (1) complementary goods. (2) substitute goods. (3) negatively associated goods. (4) a luxury and a need, respectively. (5) both inferior goods.

Q : Unitary price elasticity of demand curve

HoloIMAGine has patented a holographic technology which makes 3-D photography obtainable to consumers. So the demand curve facing HoloIMAGine has unitary price elasticity at: (i) output q1. (ii) output q3. (iii) output q4

Q : Reduced effectiveness by pressure The

The increased pace of globalization and the steady development of worldwide demands for petroleum-based products from 2002 have tended to decrease the: (w) derived demand for petroleum. (x) prices of gasoline and electricity. (y) pressures which had reduced OPEC's eff

Q : Price and quantity supply The

The positively sloped supply curves exhibit relationships which: (1) Follow from law of demand. (2) Are positive between quantity supplied and price. (3) Are negative between price and the quantity sold. (4) Exist for services however not goods.

Q : Equilibrium price of commodity Describe

Describe why the equilibrium price of commodity is determined at the level of output at which its demand equavalents its supply.

Q : Labor History-Yellow Dog Contracts The

The Yellow dog contracts are now outlawed, however in the early 20th century such agreements among employers: (1) Not to purchase intermediate goods generated by unionized labor hindered labor market re-forms. (2) And workers specifying that the workers would not conn

Discover Q & A

Leading Solution Library

Avail More Than 1430459 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1945393
Asked

3,689

Active Tutors

1430459

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment