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iVinArrow [24]
3 years ago
15

The short run is defined as A. a period of time of five years or less. B. the period of time in which all factors of production

are variable. C. the period of time in which at least one factor of production is fixed. D. the period of time it takes the firm to make its first economic profit.]
Business
1 answer:
Kryger [21]3 years ago
4 0

Answer:

C. the period of time in which at least one factor of production is fixed.

Explanation:

  • The short-run is a condition, were some controls and market are not in fair equilibrium, some factors like the variables and other that are foxed have limited entry or exit to the industry.  
  • In the macroeconomics a long run is a time when the general price, and contractual wage rates, along with the expectations are adjusted entirely to the states of the economy. and this contrast to the short-run where the variable is not fully fixed or adjusted.
  • <u>The short-run for a firm will increase the production of the marginal costs is less than the marginal revenue. The transition from the short to the long-run market equilibrium may be done on considering the supply and demands.</u>
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Dax has been promoted to a first-line manager. Dax's new position will require him to spend a lot of time
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This new position as a first line manager will require him to operate his departments. This role requires him to assign tasks, manage the work flow, monitor the quality of work, solve the employees problems and keep informing the middle and executive managers on challenges and success on the ground level of the company.

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First-line managers provide firsthand information on true challenges and can offer better and workable solutions. This is because they have the immediate view of the outcomes of the policies, strategies, marketing approaches and production capabilities of the company. They have the ear of upper managers, where they will offer solutions that can improve the processes in the company and the procedures. In addition to that, first-line managers are expected by the work-group employees to protect them from policies and initiatives which are unreasonable.



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3 years ago
On January 1, 2016, Miller Corporation had retained earnings of $8,000,000. During 2016, Miller reported net income of $1,500,00
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Answer:

Miller's retained earnings on December 31, 2016 is $9,000,000.

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Miller's retained earnings on 31 December 2016 = retained earnings on January 1, 2016 + net income - declared dividends

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