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swat32
3 years ago
9

1. A difference between the economic long run and the short run is that:

Business
1 answer:
lord [1]3 years ago
5 0

Answer:

The correct answer is C. A difference between the economic long run and the short run is that demand can affect output and employment in the short run, whereas supply is the ruling force in the long run.

Explanation:

In economics, the long run is the conceptual time period for which we have no fixed factors of production. In contrast to the long run, in the short run we have some variable and some fixed factors, relative to the chosen level of production. In the long run, companies change production levels in response to economic profit or loss, and land, labor, capital goods, and entrepreneurship vary to reach the corresponding level of production associated with long-term equilibrium.

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3 years ago
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Andrea won the miss illinois beauty pageant the year she graduated from college. knowing this, the amount of money she will earn
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3 years ago
The Constitution defines all of the following as limits of the government’s power to tax except that _____.
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3 years ago
Outlinr the selection procedure as a huma resource activity​
erma4kov [3.2K]

Answer and Explanation:

A selection process as a human resources activity must be outlined, starting with the filling out of a form by the candidates for the vacancy that they are being offered through the selection. This form must contain basic information that will allow the human resources department to select people who have the minimum requirements necessary to participate in the next phase of the process. The next phase should be an interview, to get to know the candidates, assess their communication skills and ask incisive questions about the skills they have and the level of interest in the vacancy they are competing for. This is the key moment in the process, where the human resources department will be able to determine who deserves to be selected.

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3 years ago
An accountant increases the price he charges for his services by 66 percent. In​ response, the demand for his services decreases
Rama09 [41]

Answer:

Decrease

Explanation:

The accountant's revenue will decrease because the demand for his services has fallen by 1,818%, while the price he charges has only gone up by 66%.

The rise in prices will not be enough to cover the losses for such a deep fall in demand.

For example, suppose that before, the accountat used to complete 200 services a month for $100 per year, his total revenue is = 200 x $100 = $20,000.

Now, he will charge 68% more, the new service fee is $168, but demand for his services will now be a negative 3436 (200 x 1,818% = 3636), so his revenue will be 0, or even, negative (he could get into debt to afford his expenses).

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