--%>

Short run for production

I have a problem in economics on Short run for production. Please help me in the following question. In short run for production: (1) Both variable and fixed costs exist. (2) Productive capacity might be adjusted. (3) Unprofitable firms shut down. (4) No fresh workers can be hired.

What is the most precise option from the above.

   Related Questions in Microeconomics

  • Q : Numerical problem on Relative Prices

    When the market price of a gallon of gas is similar as the cost of 4 pineapples in dollars, the relative price of the pineapple is: (i) 1/4 of a gallon of gas. (ii) 25 cents. (iii) 4 gallons of gas. (iv) $4.00. Can someone please h

  • Q : Law of Equal Marginal Advantage I have

    I have a problem in economics on Law of Equal Marginal Advantage. Please help me in the following question. The very last cents spent on each and every good should give up equivalent subjective profits according to the principle of: (i) Subjective pre

  • Q : Types of Surveys Types of Surveys :

    Types of Surveys: Surveys can be classified by their method of data collection. Mail, telephone, and in-person interview surveys are the most common. Extracting data from samples of records is also frequently done.

  • Q : Importance of strategic management

    Explain in brief about the importance of strategic management towards the success of a business?

  • Q : Reducing elasticities of demands by

    By product differentiation, firms try to increase the: (w) demands for their products, when reducing elasticities of demands. (x) supply elasticities of competing products. (y) price elasticity of the demand for their products. (z) marginal costs of t

  • Q : Reform or revision of the welfare system

    The most important reform / revision of the welfare system within the past half century occurred throughout the administration of President as: (1) Richard Nixon [1971]. (2) Jimmy Carter [1978]. (3) Ronald Reagan [1984]. (4) Bill Clinton [1996]. (5) G

  • Q : Ordinal utility In economics, what is

    In economics, what is ordinal utility and what are its assumptions

  • Q : Present Value of a Perpetuity When the

    When the interest rate is 5%, in that case the present value of a perpetuity which pays $500 each year beginning a year by today equals: (1) $500. (2) $1000. (3) $2500. (4) $5000. (5) 10,000. Can s

  • Q : Determine least price elasticity in

    Of all of the known ranges on such supply curves, the supply of tanks of dehydrated water is least price elastic in between: (i) point a and point b. (ii) point b and point c. (iii) point c and point d. (iv) point e and point f. (v) point g and point

  • Q : Operating competitors with market power

    A firm operating along with a lot of competitors but that still has some control over price is a: (i) pure quantity adjuster. (ii) member of an oligopoly. (iii) purely competitive firm. (iv) firm with some market power. (v) cartel.