A local bagel company plans to keep and maintain its bagel factory, which is estimated to last 25 years. All cost decisions it makes during the 25-year period
a. are short-run decisions
b. are long-run decisions
c. involve only maintenance of the factory
d. are zero, since the cost decisions were made at the beginning
e. involve both fixed and variable cost
A
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A per-unit government subsidy to producers of a good tends to
A) reduce the supply of the good. B) increase the supply of the good. C) shift the supply curve to the left. D) not have any effect on the good's supply.
The official unemployment rate would be higher if it included the existence of hidden unemployment or individuals who are: a. on unemployment compensation
b. not working. c. working part time but prefer full-time work. d. voluntarily retired. e. unemployed and looking for work.
According to the graph shown, if this economy were an autarky, producers would enjoy area:
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
A. A.
B. ABC.
C. H.
D. HDE.
Often owners of firms who hire managers must install incentive or bonus plans to ensure that the:
A. company will have positive economic profits. B. manager will work hard. C. company is financially secure. D. manager will maintain employee morale.