Analytic Time-Technological Long Run

The chronological time needed for the technology to respond to modifications in profit opportunities (that is, the technological long run, also termed as super long run or temporal long run) is: (1) Longer than analytical long run for firm. (2) Shorter than market period. (3) Intermediate, being rather shorter than the analytical long run, however longer than the analytical short run. (4) Highly variable and it mainly depends on the dynamics of industry, comprising such factors as the maturity of industry, the amounts and kinds of human capital possessed by different entrepreneurs, the innovation taking place in related industries, the number of entrepreneurs in industry, the vigor of competition in industry, ad infinitum. (5) Dependent mainly on political cycles of deregulation and regulation.

What is the right answer?

View Complete Question

Related Questions in Microeconomics

Q : Purely competitive price takers and

Different from Firm D, Firms A and B as well as C are all: (w) profitable firms that enjoys significant market power. (x) purely-competitive price-takers and quantity-adjusters. (y) pure monopolies. (z) perfectly inelastic suppliers.

Q : Well-recognized market structure

Well-recognized market structures do not comprise: (i) monopoly. (ii) monopolistic competition. (iii) oligopoly. (iv) oligarchy. (v) pure or perfect competition. I need a good answer on the topic of Economi

Q : Analytic time in the market period In

In the market period: (w) price is constant. (x) output is constant. (y) supply is horizontal. (z) supply is completely elastic. Please guys help to solve this problem of Economics with some explan

Q : When Shortages occur Shortages take

Shortages take place whenever the market price: (1) Most greatly surpasses the average person’s demand price. (2) Is above the usual seller’s supply price. (3) Equivalents production costs plus the maximum possible gain. (4) Lies beneath t

Q : Decisions of oligopoly firm on price

Within an oligopoly each firm: (w) ignores the pricing strategies of rival firms. (x) faces a horizontal demand curve. (y) should make decisions on price and output based on expected or actual actions of its rival. (z) has little control over the mark

Q : Operating the economy of production

I have a problem in economics on the topic of Production. Please help me in the following question. The economy operating on its production possibilities frontier is as: (1) At full employment. (2) Technologically proficient. (3) Maximizing the output

Q : Derived Demand problem The change in

The change in price of a resource will cause a modification in the: (i) Demand for the resource. (ii) Supply of resource. (iii) Quantity demanded of resource. (iv) Demand for good in resource production. Find out the right answer f

Q : Price of related goods-consequence on

Price of related goods: a) Substitute goods – Whenever the price of substitute goods raises they become dearer whenever the price replaces goods falls they bec

Q : Effects of price rise on Substitution

Can someone help me in finding out the right answer from the given options. The Substitution away from the good is bigger when its price increases the: (1) More close substitutes there are for good. (2) More different utilizations to which the good has been place at t

Q : Determine total costs by

Hey guys I need your idea for this query regarding the total costs as illustrated graph that this profit-maximizing pure competitor’s total cost (TC) equals area as: (w) 0Phq2. (x) 0bgq2. (y) 0aeq1. (z) daef.

Discover Q & A

Leading Solution Library

Avail More Than 1418307 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1936740
Asked

3,689

Active Tutors

1418307

Questions
Answered

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

Submit Assignment