C because some people can not afford to buy private goods which leads them to be excluding them from the products a firm makes
Answer:
Positive statements are statements that describe things as they are, based on empirical evidence. Normative statements describe whether something is good or bad, desirable or undesirable. They can be recommendatios or opinions, or both at the same time.
1. Teenagers shouldn't be permitted to buy cigarettes - Normative statement. It finds teenage smoking as undesirable.
2. Nuclear energy is cleaner than coal and oil based energy - Postive statement. It is describing a fact, not explicitely saying whether nuclear energy is better or not (even if implicitily it might be saying so).
3. We need more police on inner dash city streets - Normative statement. This statement is finding that more police is desirable.
4. Netflix original programming is better than network TV shows - Normative statement. It is giving an opinion, but it's still a positive statement.
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.)
