Fixed cost in long run
Can there be certain fixed cost in long run? If not why? Answer: No, there can’t be any fixed cost in long run. The main reason is that there is no fixed input in long run.
Can there be certain fixed cost in long run? If not why?
Answer: No, there can’t be any fixed cost in long run. The main reason is that there is no fixed input in long run.
When consumers ultimately cannot distinguish one roasted chicken dinner from other, when roasted chicken dinners are produced within a constant cost industry, and when no barriers to entry or exit exist, in that case the long-
Public utilities are generally: (1) regulated natural monopolies. (2) competitive non-profit corporations. (3) consequences of diseconomies of scale in production. (4) only subject to laissez-faire regulation. (5) operated by the federal government.
Price floor: Price floor refers to the lowest amount price fixed by the government over the market determined price and hence the producers of the necessary items such as wheat, rice and so on might not experience losses.
Can someone please help me in finding out the accurate answer from the following question. Preceding to the AFL-CIO merger in the year 1955: (i) AFL was an alliance of the industrial unions. (ii) The CIO was an alliance of the craft unions. (iii) Strikes over which un
When the price elasticity of demand for goose grease is 2.5 and a 10% price hike will reasons of quantity demanded to: (w) grow by roughly 2.5%. (x) grow by roughly 25%. (y) fall by roughly 25%. (z) fall by roughly 4%. Q : Jollies gained-Production occurs I have I have a problem in economics on Jollies gained-Production occurs. Please help me in the following question. The jollies gained whenever production takes place do not comprise utilities of: (i) Form. (ii) Possession. (iii) Place. (iv) Substance. (v) T
I have a problem in economics on Jollies gained-Production occurs. Please help me in the following question. The jollies gained whenever production takes place do not comprise utilities of: (i) Form. (ii) Possession. (iii) Place. (iv) Substance. (v) T
In the above diagram, the elimination of discrimination is best represented by:
The theory of market structure which several microeconomic game theorists were ready to toss within the dustbin of intellectual history into the 1970 year but that, in the early 1980s, turned into a foundation for the “new&rdquo
If the price of K declines, the demand curve for the complementary product J will: A) shift to the left. B) shift to the right. C) decrease. D) remain unchanged. Help me to get through from this problem.
The price elasticity of supply in given grph is infinite therefore supply is perfectly price elastic within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D. Discover Q & A Leading Solution Library Avail More Than 1451845 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1946111 Asked 3,689 Active Tutors 1451845 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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