QUESTION 24 Which of the following is most likely to be a fixed input for Peter's Country Fresh Pies? Oa ovens b. berries c. mik d. flour e, eggs QUESTION 25 The short run is a period of time: O a during which all resources are fixed. Ob during which at least one resource is fixed OC. less than or equal to six months. O d. during which profits are always positive. Oe during which all resources are variable. QUESTION 26 The long run is a period of time: Oa during which all resources are fixed Ob less than one year. O during which all resources are variable. d. during which profits are always negative Oe that is the same for all industries.

QUESTION 24 Which of the following is most likely to be a fixed input for Peter's Country Fresh Pies? Oa ovens b. berries c. mik d. flour e, eggs QUESTION 25 The short run is a period of time: O a during which all resources are fixed. Ob during which at least one resource is fixed OC. less than or equal to six months. O d. during which profits are always positive. Oe during which all resources are variable. QUESTION 26 The long run is a period of time: Oa during which all resources are fixed Ob less than one year. O during which all resources are variable. d. during which profits are always negative Oe that is the same for all industries.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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