--%>

Problem on Analytic Time-Long Run

Can someone please help me in finding out the accurate answer from the following question. The length of time needed for a firm to reach the long run is: (i) One year. (ii) Five years. (iii) Ten years. (iv) Variable and depend on the easiness of purchasing or selling specific kinds of resources.

   Related Questions in Microeconomics

  • Q : Short run expectations Can someone help

    Can someone help me in finding out the right answer from the given options. When Toyota expected the price at which it could sell its cars to increase in the near future, it’s very short-run response would possibly be to: (i) Raise its supply. (ii) Reduce its su

  • Q : Price elasticity of demand among

    The price elasticity of demand as in below illustrated figure for DVD games among prices of $20 and $30 is about: (w) 1.00. (x) 25. (y) 1/25. (z) 1/2.

    Q : Wage Differentials-similar wages Can

    Can someone please help me in finding out the accurate answer from the following question. As compared to men with identical amounts of experience or education, women on an average earn: (1) Higher wages. (2) Similar wages. (3) Lower wages. (4) There is no special pat

  • Q : Price floor for Whopper Slushees The

    The government price floor for Whopper Slushees at P3 would result a: (i) shortage of Q1 – Q3. (ii) Excess of Q3 - Q1. (iii) Supply price of P1. (iv) Quantity demanded of Q2. (v) Demand price of P2.

    Q : Change in Supply versus change in

    Assume that a screen at the front of this room exhibits a graph of supply curve for ice-cream. The shift of this supply curve away from the center of our Earth would replicate: (i) A raise in the quantity of ice-cream demanded. (ii) A reduction in the supply of ice-cr

  • Q : Price discriminate A monopolist selling

    A monopolist selling several di erent products can sometimes "price discriminate" by bundling her products together. Here's an example. Suppose the U of C is planning to o er a series of two concerts. The rst program in the series consists of music by Chopin; the second, music by Stravinsky

  • Q : Problem on fast food chains market

    Normal 0 false false

  • Q : Product differentiation in conduct

    Several market structures may pivot around goods which are heterogeneous, however the only market structure that absolutely needs goods to be differentiated within the minds of consumers of: (1) perfect competition. (2) pure competition. (3) monopolistic competition.

  • Q : Drop in interest rates of capital market

    Any drop in interest rates caused through people’s increased willingness to save, which will cause: (w) the rate of return schedule reflected in I0 to shift to the right. (x) the rate of return schedule reflected within I0 to shift to the left.

  • Q : Effect of percentage change in price

    Give the answer of following question. When the percentage change in price is greater than the resulting percentage change in quantity demanded: A) a decrease in price will increase total revenue. B) demand may be either elastic or inelastic. C) an increase in price