Answer:
The long run is best defined as a time period
- during which all inputs can be varied.
One thing that distinguishes the short run and the long run is
- the existence of at least one fixed input.
Explanation:
On the long run, all productive inputs can be changed and/or altered. that includes fixed costs like equipment and machinery, building facilities, processes, wages, etc.
On the short run, at least one of the inputs used to produce our goods or services cannot be changed, e.g. wages tend to be sticky, fixed costs (depreciation of equipment and machinery, buildings, etc.)
Answer:
A Bank is a financial institution that accepts deposits from public and creates a demand deposit while simultaneously makeing loans.
Answer: A. maximizes the profits from money management.
Explanation:
The optimal average level of money is indeed the amount that maximises profit from money management.
Money management is essentially taking charge of your money and ensuring that you manage it in such a way as to limit unnecessary expenses whilst growing money through measures such as budgeting, investing and expenses tracking.
With Mr Peabody's income and other financial constraints, the optimal average level of money will be the most he can maximise from managing his money.
Answer:
The correct answer is letter "C": Work in Process Inventory.
Explanation:
Work in Process Inventory is an asset in the company's Balance Sheet. It represents the accumulated cost of unfinished goods that are currently in the manufacturing process. Companies that manufacture large or customer-made items typically use a work in progress inventory system to record labor, raw material, and overhead.
