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Fudgin [204]
1 year ago
9

In economics, the short run is the time frame in which the quantities of ____ and the long run is the period of time in which __

__.
Business
1 answer:
padilas [110]1 year ago
6 0

In economics, short run is time frame in which the quantities of quantities of some factors of production are​ fixed; and long run is period of time in which quantities of all the factors of production that can be varied.

<h3>What is production?</h3>

Production is the process of mixing several inputs, both material (like metal, wood, glass, or polymers) and immaterial (like plans, or information) in order to produce output. A valuable good or service that enhances people's utility will be this output's ideal form. Production theory is the branch of economics that focuses on production; it is closely tied to the consumption theory of the economy. Utilizing the first inputs productively leads directly to the manufacturing process and results. Land, labor, and capital are regarded as the three major production components and are known as primary producer commodities or services. These essential ingredients do not substantially change during the output process or turn into a complete part of the final product.

To learn more about production, visit:

brainly.com/question/16848613

#SPJ4

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Using PERT, Adam Munson was able to determine that the expected project completion time for the construction of a pleasure yacht
bezimeni [28]

Answer:

The probability that the project will finish in 16 months is 0.7.

Explanation:

From the data the mean time is given as  \mu=15

The variance is given as \sigma^2=4\\

So the standard deviation is \sigma=2\\

Now the X is given as 16 so

Calculating the z score as

z=\dfrac{x-\mu}{\sigma}\\z=\dfrac{16-15}{2}\\z=\dfrac{1}{2}=0.5

So for the z score of 0.5 the probability is given in Excel as

=NORMSDIST(0.5)

=0.69 ≈0.7

So the probability that the project will finish in 16 months is 0.7.

3 0
3 years ago
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The law of demand applies most directly to which group?
Ilya [14]
The answer is BUYERS
8 0
3 years ago
Name two arguments that support international trade.
konstantin123 [22]
One argument for is that exports help improve the terms of trade of a country and also opens markets for domestic producers, meaning they can grow, employ more workers, earn more income, etc. Another argument for is that it increases competition, as there are goods coming in from all corners of the world, which may pressure domestic pressures to be more competitive and innovative with their products, improving its quality and product choice.

An argument for protectionism could be that imports may actually be harming domestic producers, which as we can see from President Trump's rhetoric, we can deduce that cheap imports from China will take sales revenue away from American producers and potentially cause them to lose customers and close down. Another argument for is that quotas and tariffs will make imports more expensive, which may make domestic products more price competitive.

Regarding the opinions, come up with it yourself. Think of the pros and cons and make a balanced judgement.
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3 years ago
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Outback Corp. recorded sales of $1,300,000 in 2010, in addition the company's accounts receivable balance grew from $120,000 at
klemol [59]

Answer:

$1,255,000

Explanation:

The increase in accounts receivable is the portion of the current year sales revenue that has not been received in cash, hence, the cash collected from customers in the year 2010 is simply the sales adjusted for the impact of accounts receivable as shown below:

cash collection=sales revenue+beginning accounts receivable-ending accounts receivable

sales revenue=$1,300,000

beginning accounts receivable=$120,000

closing accounts receivable=$165,000

cash collection=$1,300,000+$120,000-$165,000

cash collection=$1,255,000

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3 years ago
What were working conditions like before the labor movement?
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Im not sure, sorry, I wish I could help
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