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vazorg [7]
1 year ago
6

The short run is a period for which: Group of answer choices firms maximize total revenue instead of profit. diminishing returns

will be encountered due to fixed inputs. firms have only fixed inputs. all inputs and all costs are variable.
Business
1 answer:
Kitty [74]1 year ago
3 0

The short run is a period for which diminishing returns will be encountered due to fixed inputs.

<h3>What is Short Run Period?</h3>
  • According to the concept of the short run, some inputs will be constant while others will be variable within a specific time frame in the future.
  • It expresses the notion that an economy responds to particular stimuli differently depending on the amount of time it has to do so.
  • The short run is different from the long run in that it includes both fixed and variable components, which are absent from the long run.
  • In the short run, a firm's output, wages, and prices do not always have complete freedom to change in order to accomplish a goal.
  • Since there are no fixed costs, in the long run, a firm's production components can find equilibrium.

To learn more about the Short run period refer to:

brainly.com/question/14264323

#SPJ4

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We should not lower taxes for the wealthiest Americans because they own and run a lot of companies and businesses that we use. Lower income Americans want their leaders to understand or know what it’s like to be less wealthy so they’ll be more sympathetic towards lower income people and won’t do everything out of the want for more money. If they have to pay lower taxes, then that takes away from their ability to sympathize with lower income homes, and that would upset a lot of people.

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learn more about depreciation costs here:

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