1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
RUDIKE [14]
3 years ago
10

The long run is best defined as a time period during which at least one input cannot be changed. during which all inputs can be

varied. during which consumer demand for goods and services change. that is longer than two years. One thing that distinguishes the short run and the long run is the number of months considered. implicit costs. the existence of marginal costs. the existence of at least one fixed input.
Business
1 answer:
Olegator [25]3 years ago
7 0

Answer:

The long run is best defined as a time period

  • during which all inputs can be varied.

One thing that distinguishes the short run and the long run is

  • the existence of at least one fixed input.

Explanation:

On the long run, all productive inputs can be changed and/or altered. that includes fixed costs like equipment and machinery, building facilities, processes, wages, etc.

On the short run, at least one of the inputs used to produce our goods or services cannot be changed, e.g. wages tend to be sticky, fixed costs (depreciation of equipment and machinery, buildings, etc.)

You might be interested in
Three graduate business students are considering operating a fruit smoothie stand in the Harbor Springs, Michigan, resort area d
Leviafan [203]

Answer:

a. 8,000 + 1,000 + 3.2Q

b. 27,000 + 3.2Q

c. 15,000 Units

Explanation:

a. The accounting cost function is shown below:-

Accounting cost function = Fixed Leasing and insurance cost + material cost and supplied cost

= 8,000 + 1,000 + 3.2Q

b. The economic cost function is shown below:-

Economic cost function  = Accounting cost + Opportunity cost

= 9,000 + 3.2Q + 3*6,000

=27,000 + 3.2Q

c. The computation of break even point is shown below:-

Break even Point = Total Fixed Cost ÷ Price - Average Variable cost

= 27,000 ÷ 5 - 3.2

= 15,000 Units

8 0
3 years ago
Which of the following is not a benefit of communication?
mart [117]

Answer:

Could you add more details please

Explanation:

5 0
3 years ago
Read 2 more answers
Data from the financial statements of Dils Brothers Co. and J. Cox, Inc. are presented below (in millions): Dils Brothers Co. J.
9966 [12]

Answer:

0.64

Explanation:

Debts to total asset ratio = Total liabilities / total assets

For J.Cox Inc 2016;  Debts to total asset ratio = $47,422 / 73,744

Debts to total asset ratio = 0.64306

Debts to total asset ratio = 0.64

2016 debt-to-total-assets ratio for J. Cox, Inc. is 0.64

3 0
2 years ago
In the context of experimental research, the logic of random assignment is
zimovet [89]
The answer to this question is: <span>groups have equal and balanced composition.
</span>Which means that each groups in experimental research are not displaying the too mcuh difference in term of average characteristics.
This will make sure that the data that acquired during the research are stable and can be trusted (not affected by a special variance)
3 0
3 years ago
What business messages are better organized directly, and which is better organized indirectly?
Karo-lina-s [1.5K]

Generally speaking, a business message expressing negative news (reader will react negatively) should be organized indirectly. The message should be delivered among other information and should not stand out. This is only appropriate if it is practical to deliver the message in this way (immediate action is not required). A more positive message should be prominent in the communication and expressed in a more direct way, since it is assumed that the reader will react positively. 

7 0
3 years ago
Other questions:
  • Sunset Foods relies on a highly centralized functional structure to ensure consistency in the quality and taste of its products
    13·1 answer
  • Alex is a production manager who believes his firm uses more of all types of resources than is necessary to produce its products
    5·1 answer
  • Lori's Company has the following​ items: cash in a checking​ account, $ 9 comma 000$9,000​; cash in a savings​ account, $ 7 comm
    15·1 answer
  • Smarty Pants Company sells two products, green camouflage pants and orange camouflage pants. Smarty Pants predicts that it will
    11·1 answer
  • 7. If your manager asks you to place a call for him or her, what's the best course of action?
    10·2 answers
  • A monopolist has four distinct groups of customers. Group A has an elasticity of demand of​ 0.2, B has an elasticity of demand o
    15·1 answer
  • Giả sử rằng một nền kinh tế có 1000 công nhân, mỗi người công nhân làm việc 2000 giờ một năm. Nếu sản lượng thực tế bình quân mộ
    11·1 answer
  • Federally chartered banks and credit unions are run like businesses that make a profit.
    13·1 answer
  • “Marketing is Significant for Both Profit and Non-Profit Organizations”Do you agree with this statement? Explain​
    14·1 answer
  • What is cash equivalent????​
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!