What distinguishes short-run cost analysis from long-run cost analysis for a profit-maximizing firm in the short run?
a. The size of the factory is fixed.
b. There are no fixed costs.
c. Output is not variable.
d. The number of workers used to produce the firm's product is fixed.
Answer: a. The size of the factory is fixed.
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Currently, a three-year Treasury note pays 4.75%. Assuming that your tax rate is 20%, what is the minimum interest rate that you would you need to earn on a tax-free municipal bond in order to buy it instead?
A) 0.95% B) 3.8% C) 5.7% D) 15.25%
The following types of statistical inference are used throughout econometrics, with the exception of
A) confidence intervals. B) hypothesis testing. C) calibration. D) estimation.
The increasing share of women in the labor force may have contributed to the decrease in unionization
a. True b. False Indicate whether the statement is true or false
An improvement in one of the four supply factors is a sufficient condition for economic growth. Evaluate.
What will be an ideal response?