All categories

3 years ago

explain the relationship between costs in the short run and costs in the long run. and define the "short run" means.

Social Studies

1 answer:

Softa [21]3 years ago

4 0

Answer:

The short run is a concept that states that, within a certain period in the future, at least one input is fixed while others are variable. ... The short run does not refer to a specific duration of time but rather is unique to the firm, industry or economic variable being studied.

Explanation:

i think this is it i hope it helps

You might be interested in

Tammy is playing blocks with a friend when she suddenly reaches for one of her friend's blocks and takes it. Right after she doe

m_a_m_a [10]

Answer:

The correct answer is - Me.

Explanation:

In this incident, Tammy finds herself in her parent, guardian, or caregiver's eyes or perspective. It might be possible that she had a similar incident at some point there when Tammy took something without their permission from others and the caregiver scolded her.

According to Mead, ''ME'' is a part of self of the theory is, Tammy developed here.

Thus, the correct answer is - Me.

6 0

3 years ago

Which option best completes the diagram?

Stels [109]

Answer:

I remember this

Explanation: The answer's C

7 0

3 years ago

Read 2 more answers

Oscar consumes both video games and Pepsi.

Eduardwww [97]

A) Oscar's Total utility from purchasing 3 video games and 2 pepsis = 21

B) The quantity of video games and Pepsi maximizes Oscar’s utility = 2 video games and 5 Pepsi

C) When the price of Coca cola drops : Oscars' demand for pepsi will drop

D) Pepsi is an Inferior good because it has a negative income elasticity

E) The cross-price elasticity for video games and computer equipment is : Positive

<h3>Analysis of the solutions </h3>

A) The total utility from purchasing 3 video games and 2 pepsis

marginal utility of 3 videos games = 12

marginal utility of 2 pepsi = 9

therefore total utility = 12 + 9 = 21

B) The quantity of video games and Pepsi maximizes Oscar’s utility

The quantity of video games with the maximum utility ( 20 ) = 1

The quantity of video games with the maximum utility ( 10 ) = 1

Given that :

Oscars weekly income = $20

price of video game = $5

price of pepsi = $2

After the first purchase of video games and pepsi

$20 - $7 = $13

after the next purchase

$13 - $7 = $6

The balance $6 will purchase 3 more pepsi

Therefore the quantity of Video games to be purchased = 2 ( $10 ) (i.e. 15 utility )

Quantity of Pepsi to be purchased = 5 ( $10 ) ( i.e. 6 utility )

C) When the price of Coca cola drops Oscars' demand for Pepsi will drop as Coca cola is a competitor/superior product.

D) Pepsi is an inferior good

E) The cross price elasticity for video games and computer equipment is positive

Hence we can conclude that the answers to your question are as listed above

Learn more about Utility : brainly.com/question/24922430

#SPJ1

5 0

2 years ago

Harry, a behavioral psychologist, is in the process of analyzing his patient maria valentines report. maria has been diagnosed w

miss Akunina [59]

There are a few approaches to psychological disorders. These are the biological, psychodynamic, behavioral, cognitive, humanistic, cultural and diathesis-stress approach. For disorders like the DID, it involves the unconscious mind making up different personalities. The common approach to split personality disorders is the psychodynamic approach. This focuses on the conflict between the conscious and unconscious part of the mind. The disorder arises because you repress your urges, so your unconscious mind conjures a personality to resolve this conflict.

7 0

4 years ago

Advise a grade 12 learner on how to find balance between the new-found freedom and responsible behavior

Citrus2011 [14]

Well you need to discipline your self if your old enough to do that then do it and just get it done you got this

3 0

3 years ago