All categories

3 years ago

What is the difference between the short run and the long run?

Business

1 answer:

Inessa05 [86]3 years ago

4 0

Answer: Option D

Explanation: In simple words, short run refers to the time frame in which all the factors of production are fixed while in the long run all of them are variable.

This happens due to the fact that in the short run if the company goes for changing the level of inputs than the opportunity that were availing in that time period will be gone by then leading to losses as the total time frame is very less in short run.

On the other hand, firms tends to have greater life in the market and keeps developing themselves with the changing forces of market.

You might be interested in

Luke is starting to look for a job. In which two ways would letters of recommendation be beneficial for his job hunt?

Rufina [12.5K]

Hello!

The correct answers are options A and B.

A letter of recommendation often lists a person's accomplishments and it provides details pertaining to the person's personality and character. A letter of recommendation will help employers make a decision on whether the person could be beneficial to the job/company.

I hope this helps answer your question! Have a great day!

5 0

3 years ago

Read 2 more answers

The manufacturing overhead budget at Foshay Corporation is based on budgeted direct labor-hours. The direct labor budget indicat

Nady [450]

Answer:

B. $27.10

Explanation:

The computation of the predetermined overhead rate is shown below:

As we know that

Predetermined overhead rate = Total estimated manufacturing overhead ÷ Budgeted direct Labor hours

where,

Variable overhead rate per hour = $9.10 per hour

And,

Fixed Manufacturing overhead = $104,400

Now

Total Estimated manufacturing overhead is

= 5,800 hours × $9.10 per hour + $104,400

= $157,180

And, the direct labor hours is 5,800

So, the predetermined overhead rate is

= $157,180 ÷ 5,800 hours

= $27.10 per hour

We simply applied the above formula

3 0

3 years ago

What major forces impact electra or any other global producers in trading in global markets

cluponka [151]

Answer:

Explanation:

In fact, when interacting with the global market,Electra and other participants must contend with different types of forces that change depending upon circumstance and location. These forces include sociocultural, political, legal, economic, physical and environmental.

7 0

3 years ago

Describe legislation passed to regulate banks

Dima020 [189]

Answer:

add 4 to 983

Explanation:

4 to 983 to the power of 50

8 0

2 years ago

On January 1, 2021, Madison Products issued $40 million of 6%, 10-year convertible bonds at a net price of $40.8 million. Madiso

serg [7]

Answer:

1. Date General Journal Debit Credit

Jan 1 Cash $40,800,000

Convertible bond payable $40,000,000

Premium on bond payable $800,000

Jun 30 2021 Interest expenses $1,160,000

Premium on bond payable $40,000

(800,000/10 * 1/2)

Cash $1,200,000

(40,000,000 * 6% * 1/2)

2. Date General Journal Debit Credit

June 30 Interest Expenses $1,160,000

2023 Premium on bond payable $40,000

Cash $1,200,000

($40,000,000 *6%*1/2)

June 30 Convertible bonds payable $40,000,000

2023 Premium on bond payable $600,000

($800,000 - ($40,000*5)

Common stock $40,600,000

6 0

3 years ago

What is the difference between the short run and the long​ run?

What is the difference between the short run and the long run?