The long run is best defined as a time period )during which prices of other goods change. that is longer than one year. during which all inputs can be varied. during which at least one input cannot be changed. Incorrect One thing that distinguishes the short run and the long run is explicit costs. the existence of variable costs. ) the number of months considered. the existence of at least one fixed input. Incorrect

Q: I need help in solving this question because I'm not sure it's right?

A: The United State federal government passed the American Recovery and Reinvestment Act in 2009 was to…

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

Q: The answers you provided are incorrect and incomplete.

A: A perfectly competitive firm is a price taker, which means it takes the price set by the market…

Q: heeds to make an additional repair, which will cost another $400, in order to make the guitar worth…

A: here we can find the answer of given question by following method given below;

Q: I need help working through this problem

A: Market clearing price and quantity is archived where both seller and buyer agree to exchange their…

Q: Describe the steps you will take to create your financial plan and budget

A: We show the The first step is to define and agree on your financial goals and objectives.   A…

Q: Can someone answer more of the questions?

A: Disclaimer- “Since you have asked multiple question, we will solve the last three question of 1st…

Q: How healthy is your P/PC Balance in balance work and home?

A: Our lives are constrained by the choices we make. Despite the fact that there are factors that we…

Q: Could you please write it in paragraph form instead of bullet points?

A: An economic recession is a prolonged period of fall in economic activity that often lasts longer…

Q: Where did the $98 come from?

A: Deadweight loss can be described as the loss of total welfare or the social surplus because of…

Q: the quantity of a good or service which consumers want and have the ability to purchase

A: Quantity- It is the number or amount of goods or services.

Q: Let’s say that you need a car. How would you go about deciding which car to buy?

A: The mechanism by which a person or a company decides the course of action to take is referred to as…

Q: Name  ways one can improve their lives financially

A: 1. Have a emergency fund to cover 6 months of expenses.  2. Have a high savings rate.  3. Invest in…

Q: Part 4 and 5 of the question please.

A:

Q: Meaning of utility

A: It is a service that is offered to the general population, such as water, gas, or electricity.

Q: Why it is essential to focus on the customer when planning sales calls?

A: Sales call refers to the situation where the sales person is meeting with the potential customer…

Q: is how much of a product or service people are willing to buy at a specific price. Your answer…

A: Answer: (1). Quantity demanded is how much of a product or service people are willing to buy at a…

Q: Definition of want

A: Economics is the study of efficient allocation of resources. The resources in the economy are…

Q: Give example of merit

A: Merit pay refers to performance-related pay which provides bonuses or base pay increases for…

Q: Based on the Customer Social Responsibility program, what are other areas that you think need…

A: Customer Social Responsibility program is a conscious business model aiming at making firms more…

Q: tina, a teenager, declined an invitation to have refreshments with her friends after Sunday School.…

A: Values are fundamental beliefs that guide or motivate behaviours or mentalities. They assist us in…

Q: Types of consumer goods

A: Consumer good is a final good purchased by a consumer.   Generally, there are 3 type of consumer…

Q: Not all of the questions were answered I was wondering if the rest could be answered for me.

A: International trade is defined as all the economic transactions in between the Teo countries is…

Q: An agricultural seed company has an inverse demand given by: P 120 - 2Q, and a cost function…

A: Given- P=120-2Q-------------1 C =20Q We can calculate : Total Revenue (TR) = PXQ = 120Q - 2Q2 Now,…

Q: What inferior goods that people buy?

A: Demand for inferior products is often determined by client behavior. Inferior smart refers to…

Q: Explain the purpose of creating a budget?

A: A budget is a financial plan or framework that outlines an individual's or organization's expected…

Q: Importance of rules in our society

A: Rules are guidelines that people living under a government must observe. Families and residents must…

Q: a full explanation about perceived enjoyment

A: Enjoyment is basically the pleasure that people get from the various activities they perform in…

Q: I had this as my solution and I was told that it was wrong.

A: Total Revenue:TR = P.QMarginal Revenue:MR = ΔTR / ΔQ (ΔTR) = change in total revenue (ΔQ) =  change…

Q: what is the most important concept in satisfying needs and wants

A: A need is anything which is a basic necessity and is required to live. On the other hand, wants are…

Q: QUESTION 3: Many movie consumers who used to rent DVDS are now patronising online video rentals,…

A: Demand refers to the total quantity that buyers willing to buy at the particular price level.…

Q: A pharmaceutical corporation has developed a unique new drug, making the company a monopoly. Demand…

A: For a monopoly, profit maximization occurs at the point where MR equals MC