Short run for production, I have a problem in economics on Short run for production.

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.

View Complete Question

Related Questions in Microeconomics

Q : Shut Down Point of monopolist A

A monopolist will shut down within the short run while its equilibrium price as: (1) equals short-run average cost. (2) exceeds marginal cost. (3) is less than average variable cost. (4) is less than average fixed cost.

Q : Minimum Wage Laws problem Can someone

Can someone please help me in finding out the accurate answer from the following question. The group least likely to be helped by the minimum wage law is: (1) African-American teenagers. (2) Experienced construction workers. (3) Skilled industrial workers. (4) Members

Q : Concentration ratio explain the concept

explain the concept of a concentration ratio. is the concentration ratio in a monoplistically competitive industry likely to be higher than for a perfectly competitive industry?

Q : Profit maximizing strategy at breakeven

Nostalgia Corporation would exactly break-even on its Silver Screen DVDs when, in place of correctly identifying its profit maximizing strategy, this: (w) operated at point i, charging only $10 per DVD and producing 8 million DVD. (x)

Q : Determine possibly accurate order of

Which of the given in lists of taxes or taxed goods is possibly in accurate order from most backward-shifted to most forward: (w) Tobacco, property, general sales and payroll. (x) Land, payroll, tobacco and property. (y) Tobacco, payroll, corporate in

Q : Pricing strategy In a competitive

In a competitive pricing strategy how does one can arrive for a multi-service practice where there are no specific products in question?

Q : Profit-maximizing monopolistically

A profit-maximizing monopolistically competitive firm will operate where is: (w) MR > MC. (x) MR = MC. (y) P < MR. (z) P < MC. Can anybody suggest me the proper explanation for given problem regarding

Q : Curing shortages in the market Can

Can someone help me in finding out the right answer from the following options. Curing shortages in the market for ice-cream needs: (1) Rises in the price of ice-cream. (2) Reduction in the supply of ice-cream. (3) Rises in the demand for ice-cream. (d) Reduces in the

Q : Goals of Firm-Standard economic

Can someone please help me in finding out the precise answer from the following question. The standard economic assumption which firms attempt to maximize the profit: (i) Is the beginning point for most of the economists’ analyses of how to operate firms. (ii) C

Q : Relatively price inelastic demand For

For Cournot’s Spring Water the demand is relatively price inelastic at: (i) point a. (ii) point b. (iii) point c (iv) point d. (v) point e.

Discover Q & A

Leading Solution Library

Avail More Than 1426046 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1936660
Asked

3,689

Active Tutors

1426046

Questions
Answered

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

Submit Assignment