The long run is a planning period:
a. during which the firm can vary all inputs including its plant size.
b. less than six months.
c. less than one year.
d. less than five years.
a
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Compared to proportional-representation systems, two-party systems are thought to lead to:
A. more centrist politics. B. less centrist politics. C. a greater variety of policy getting passed. D. very little legislation actually getting passed.
Backward linkages are the demands created by new supply capacities
Indicate whether the statement is true or false
Refer to the graph above. If aggregate supply shifts from AS 1 to AS 2, then the price level will:
Increase and real domestic output will increase Decrease and real domestic output will increase Increase and real domestic output will decrease Decrease and real domestic output will decrease
Refer to the below table. At the profit-maximizing level of output, marginal revenue is:
Answer the question based on the demand and cost schedules for a monopolistic ally competitive firm given in the table below.
A. $0
B. $4
C. $5
D. $8