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2 years ago

Distinguish between the short run and the long run. In the short run, . In the long run, .

Business

1 answer:

kenny6666 [7]2 years ago

5 0

Answer:

B. the quantity of only one factor of production is fixed; the quantities of all factors of production can be varied

Explanation:

As in the short run a firm can have a conceptual fixed time, while the other factors are variable in amount as the foxed costs have no impacts on the short run but may tend to have an impact on the form longer run that could potentially increase the output that could be increased by increasing the number of variable costs.

Thus, in short, the form is in a monopolistically competitive market hence the quantity of at least one input is fixed.

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An entrepreneur takes a risk to create a new product or a better way to operate a business.

notka56 [123]

Answer:

True

Explanation:

7 0

3 years ago

Read 2 more answers

Correct identification of the underlying root cause is the desired outcome of the ________________ approach to problem solving.

Citrus2011 [14]

Answer:

Letter A is correct. Cause-oriented.

Explanation:

A cause-oriented approach to problem solving is a method characterized by focusing on the history of the problem and then thereafter finding the root cause that originated it.

It is a very effective method when used to find solutions to various organizational problems that are apparently unsolved.

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3 years ago

A university is trying to determine what price to charge for tickets to football games. At a price of $24 per ticket, attendan

m_a_m_a [10]

Answer: Price per ticket should be charged in order to maximize revenue is $15.

70000 people will attend at this price.

Explanation:

Let 'x' represent the decrease .

Using the given information,

Price per ticket = 24 - 3x

Average no. of people that watch the game = 40000 + 10000x

Additional money spent by every person = 6(40000 + 10000x)

Revenue [R(x)] = Price per ticket $\times$ Average no. of people that watch the game + Additional money spent

Revenue [R(x)] = (24 - 3x) $\times$ (40000 + 10000x) + 6(40000 + 10000x)

On solving the above equation we get ,

Revenue [R(x)] = -30000 $x^{2}$ + 180000x + 1200000

In order to find the critical point we'll differentiate the following with respect to x;

R'(x) = -60000x + 180000

∵ R'(x) = 0

x = 3

Thus, the price per ticket that should be charged in order to maximize revenue is (24 - 3 $\times$ 3 = 24 - 9 = $15)

People that will attend at this price = (40000 + 10000 $\times$ 3) = 70000

7 0

3 years ago

What seems to be the main source of conflict between supervisors and the HR department at Sands Corporation? Explain.

Cloud [144]

Answer:

The main source of conflict that occured between the supervisors and the HR departments at Sand Corporation was the division of power that occurred between the Supervisors and the HR departments

Explanation:

The main source of conflict between the supervisors and the HR departments at Sand Corporation was the division of power that occurred between the Supervisors and the HR departments reason been that the supervisors feel that the power and authority that should have been with them or vested on them for hiring, compensation, appraisal, as well as training and pay increases has been appropriated and carried out by the HR departments.

WHILE the HR managers or HR departments on the other hand want to keep the authority to themselves because they believed and known that authority is a source of power.

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3 years ago

True/False/Explain – If all production processes were subject to constant returns to scales for all output levels, monopolistic

Elena L [17]

The answer is true okay!

4 0

3 years ago

Distinguish between the short run and the long run. In the short​ run, ______. In the long​ run, ______.

Distinguish between the short run and the long run. In the short run, . In the long run, .