Which statement is true?
A. Shutting down is a long run option.
B. Going out of business is a short run option.
C. Continuing to operate is a short run option.
C. Continuing to operate is a short run option.
You might also like to view...
Which of the following is not true regarding the incentives different pay structures impose on workers?
A. Piece rates are an option when individual output is easily measured by firms. B. Tournaments can elicit more effort than a time rate. C. Worker productivity is unrelated to the pay structure. D. Profit sharing is a pay structure designed to elicit more effort from workers, but it can suffer from free-riding. E. Worker effort can be a function of the pay structure.
A risk-neutral monopoly must set output before it knows the market price. There is a 50 percent chance the firm's demand curve will be P = 20 ? Q and a 50 percent chance it will be P = 40 ? Q. The marginal cost of the firm is MC = Q. The expected profit-maximizing quantity is:
A. 15. B. 20. C. 5. D. 10.
One World View article is titled "Global Depression." The countries that experienced the Depression
A. Experienced higher employment levels than previously recorded. B. Suffered substantial losses of output and employment. C. Experienced high unemployment but an increase in output. D. Experienced GDP growth but at a rate below the long-term trend.
Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary