In economics, the planning horizon is defined as
A) one year for every firm.
B) the longest time period over which the firm can make decisions.
C) the period of time for which technology is fixed.
D) the long run, during which all inputs are variable.
Answer: D
You might also like to view...
Stadiums and arenas built for use by professional sports teams are often paid for by local governments using tax dollars
What kind of goods are these stadiums and arenas, and why would government use tax dollars to pay for them when the professional sports franchises that use them are generally quite successful, financially?
A moderate rate of inflation is considered helpful if it: a. makes wages in labor markets rigid
b. stabilizes the interest rate. c. decreases the rate of growth in investments. d. makes wages in labor markets flexible.
A market in which firms can enter if they choose and exit without losing money invested is
A. pure monopoly. B. duopoly. C. contestable. D. a market where there are kinked demand curves.
If you are buying a bond that is newly issued by the corporation, you are buying it in the primary market
Indicate whether the statement is true or false