Assume a certain firm regards the number of workers it employs as variable but regards the size of its factory as fixed. This assumption is often realistic
a. in the short run but not in the long run.
b. in the long run but not in the short run.
c. both in the short run and in the long run.
d. neither in the short run nor in the long run.
a
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Referring to Figure 19.2, an appreciation of the dollar is represented by a movement from point
A) b to c. B) c to d. C) a to c. D) a to d.
The above figure shows the demand curves in four different markets. If each of the markets has an identical upward sloping supply curve and the same tax is levied on suppliers, which market would produce the smallest amount of deadweight loss?
A) A B) B C) C D) D E) C and D
Disposable income:
What will be an ideal response?
Differences in interest rates for different type of loans are due to:
A. the amount of the loan. B. the length of time the borrower has to repay the loan. C. government policy. D. exchange rate