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Nesterboy [21]
3 years ago
7

Which of the following statements is false? Multiple Choice The short run refers to a period of less than one year. In the long

run, all inputs can vary in quantity. Firms may continue operating at a loss in the short run. In the long run, firms would not continue operating at a loss.
Business
1 answer:
Jet001 [13]3 years ago
7 0

Answer:

The short run refers to a period of less than one year.

Explanation:

The statements is false that the short run refers to a period of less than one year.

The short run, long run and very long run are different time periods in economics.

<u>Short run – where one factor of production (e.g. capital) is fixed</u>.

long run – Where all factors of production are variable,

Unlike in accounting where operating period refer to a period of one year, <u> there is no hard and fast definition as to what is classified as "long" or "short" and mostly relies on the economic perspective being taken.</u>

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Answer: c. interest rate falls; investment rises

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Since there is reduction in interest rate, investment will increase as investors will borrow from banks.

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3 years ago
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Answer:

differential cost of producing product C = $24 per pound

Explanation:

given data

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to find out

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solution

we get differential cost of producing product C is express as

differential cost of producing product C = cost of (B+C) - cost of B   .............1

put here value we get

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Answer:

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