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vazorg [7]
2 years 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]2 years 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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Answer:

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Explanation:

A limited company can either be private or public. A limited company posses these 2 key features namely;

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2. Seperate legal existence-  a limited company can in it's name sue, be sued and enter into contracts.

Limited liability means that the investors can only lose the money they have invested and no more, meaning lenders have to keep this in mind when issuing loans to limited companies.

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