When firms analyze the relationship between their level of production and their costs they separate the time period involved into
A) a fixed period and a variable period.
B) morning and evening.
C) the short run and the long run.
D) 6 months or less; 6 months to 1 year; more than 1 year.
C
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The ways to address agency costs include all EXCEPT
a. running background checks on prospective employees b. requiring employees to punch time clocks c. instituting longer work days d. replacing closed offices with cubical office spaces
Nonprofit, or not-for-profit, firms
a. maximize revenue instead of profit b. minimize cost rather than maximize profit c. often pursue goals other than profit maximization d. pursue profit as their main goal despite their name e. have no incentive to produce efficiently
Boyce Dynamics, a U.S. maker of LED flashlights, fills unsolicited orders from foreign buyers. It has not proactively investigated international trade options. Boyce Dynamics is best categorized as a ________.
A) regular exporter B) non-exporter C) sporadic exporter D) domestic exporter
Expansionary monetary policy:
A. increases the demand for domestic currency in the foreign exchange market and reduces the supply. B. reduces only the demand for the domestic currency in the foreign exchange market. C. reduces only the supply of domestic currency in the foreign exchange market. D. reduces the demand for the domestic currency in the foreign exchange market and increases the supply.