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
olga2289 [7]
3 years ago
7

Identify whether each statement describes the market period, the short run, or the long run.A.Output and the number of firms are

fixed. B.Plant capacity is flexible. Firms can enter and exit an industry. C.Plant capacity and the number of firms are fixed. Firms can employ more labor if needed.a.short run b.long run c.market period
Business
1 answer:
AfilCa [17]3 years ago
4 0

Answer: A. Market Period.

B. Long Run

C. Short Run

Explanation:

A.Output and the number of firms are fixed

The MARKET PERIOD is a very short period that refers to a situation where all resources are FIXED. This means that Output itself is fixed and therefore cannot adjust to demand.

B.Plant capacity is flexible. Firms can enter and exit an industry.

This is the LONG RUN. A time where all resources are Variable. This means that factors such as Plant Capacity which is FIXED in the Short Run will simply be Variable and hence flexible in the long run. Other Firms are also free to enter or leave the Industry during this time.

C.Plant capacity and the number of firms are fixed. Firms can employ more labor if needed

This refers to the SHORT RUN which is a situation where AT LEAST one resource is FIXED and others are VARIABLE. As long as there is a Fixed Resource with some Variable Resources, it is the Short Run. Plant Capacity and Number of Firms are fixed but Labor is Variable. This makes this scenario a Short Run Scenario.

You might be interested in
Say's law says that
Nutka1998 [239]

Answer:

The answer is : People consume the goods  they produce

Explanation:

Say's law could also be refereed to as  Say's law of markets in Classical economics states that supply itself creates its own demand which is equivalent to people consuming what they produce.

3 0
3 years ago
is the term used to describe the ongoing exchange of ideas, money, goods and services, art works, and languages among nations an
Tamiku [17]

<u>Globalization</u> is the term used to describe the ongoing exchange of ideas, money, goods, services, artworks, and languages among nations and across cultures. It is used to describe how theatre productions can be created across international boundaries.

So if the corporation is there to provide services and infrastructure to aid the making of a program, then it's a production services agency, like XYZ manufacturing organization. An employer that offers creative offerings and paths for a couple of applications and clients, is QRSTUV productions.

Production is the process of making or manufacturing items and merchandise from raw materials or components. In other phrases, manufacturing takes inputs and uses them to create an output that is in shape for intake – a good or product that has a price to a quit-person or purchaser.

Manufacturing is the method of creating, harvesting, or creating something or the quantity of something that became made or harvested. An instance of production is the introduction of furniture. An instance of production is harvesting corn to eat. An example of manufacturing is the amount of corn produced.

Learn more about productions here productionsbrainly.com/question/16790743

#SPJ4

8 0
2 years ago
Why should games be forbidden on school property
PIT_PIT [208]

Answer:

Explanation:

Games on school property redirect the attention of the students to the games, instead of learning. They cause further disobedience and will often be snuck out to play during class. The students will be distracted and will not learn anything from the time spent in school.

6 0
3 years ago
Suppose that a monopolist sells a product to men and women. If the firm sets a single price, the monopolist would produce 100,00
matrenka [14]

Answer:

Monopolist can charge a higher price from women.

Explanation:

A monopolist is producing 100,000 units of a product.  

The price of the product is $5 per unit.  

The price elasticity of demand for men at this price is -3.5.

The price elasticity for women, on the other hand, is -0.8.

This means that the men have a relatively elastic demand for the product. While on the other hand, women have relatively inelastic demand. This implies that if the price is increased the demand from women will not change by a greater proportion.  

While demand from men can change to a greater proportion because of a change in price.  

In this situation, the firm can charge a higher price from women. This is an example of third-degree price discrimination.

3 0
2 years ago
John is an older, retired Japanese American. He has a strong identification with his Japanese culture, still speaks primarily Ja
Svet_ta [14]

Answer:

(A) Traditionalist

Explanation:

Traditionalist -

It describes that a person who believes that the old ways are the best one ,

Traditionalist are the person who believe in writing letters rather than sending emails .

The person who still feel the old and traditional methods are the best .

Similarly from the data of the question , the correct answer is (A) Traditionalist .

7 0
3 years ago
Other questions:
  • If the number of unemployed workers is 19 million, the number in the working-age population is 2) 500 million, and the unemploym
    12·1 answer
  • Suppose you examine the central bank’s balance sheet and observe that since the previous day, reserves had fallen by $100 millio
    14·1 answer
  • If an information system produces a useful report but the report is received after it is​ needed, the information system fails t
    10·1 answer
  • Which PESTEL factors are the most salient for the electric vehicle segment of the car industry? Which PESTEL factors are the mos
    7·1 answer
  • In Sheridan Company, the Cutting Department had beginning work in process of 9000 units, transferred out 24600 units, and had an
    6·1 answer
  • Why should you prepare some questions to ask during the interview?
    15·1 answer
  • Offering a better warranty is an example of competing on:
    11·1 answer
  • Match the term with its definition Question 2 options: a method of advertising or selling that uses false claims to lure people
    14·1 answer
  • At what age can you start working?
    10·2 answers
  • select all of the following that are companies that paid dividends for 100 consecutive years. a. bp b. stanley works c. corning
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!