Which of the following statements is false?
A. The short run refers to a period of less than one year
B. In the long run, all inputs can vary
C. Firms may continue operating at a loss in the short run
D. In the long run, firms would not continue operating at a loss
A. The short run refers to a period of less than one year
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Businesses often center production activities around
A) agents. B) teams. C) principals. D) principals and agents.
In economics, short run is defined as?
a. A period of time less than a year. b. A period of time during which at least one production input is fixed. c. A period of time less than one month. d. A period of time during which all production inputs are fixed. e. A period of time during which all production inputs are variable. (is correct in long-run)
A natural monopoly always has
A. a downward sloping marginal cost curve. B. its profit maximization point where price = marginal cost. C. patent rights. D. a downward sloping long run average cost curve.
If the prices of bonds go up, the interest rates will fall and the quantity of investment demanded will rise.
a. true b. false