What is long and short run

Q: If marginal physical product is continually declining, what does marginal cost look like?

A: The marginal physical product is the additional output which can be produced by the firm by…

Q: The following graph represents the short-run aggregate supply curve (SRAS) based on an expected…

A: Full employment means that unemployment is equivalent to its natural rate. Full employment also…

Q: A 1 L (Labor) 2 3 4 5 6 7 8 9 10 11 12 13 14 15 C D Q (Total Product) MP (Marginal Product) AP…

A: Since you have posted multiple questions with multiple sub parts, we will provide the solution only…

Q: Explain all resources that economic relies on.

A: Economic resources: - all resources used as an input in the production and distribution of goods and…

Q: what is entrepreneur? in your own words essay

A:

Q: What is a production technology?

A: What is a production technology?

Q: The most efficient scale of production is where at which point?

A: According to the given question In simple words we can say that scale of production basically or…

Q: What is a cost that changes with the change in volume of activity of an organization

A: The cost that changes with the change in volume of activity of an organization or in other words,…

Q: Stagflation occurs when there is in unemployment and in inflation. This occurs graphically as a

A: Stagflation is characterized by slow economic process and comparatively high unemployment—or…

Q: What are the different type of costs incurred in the short run and in the long run?

A: In the short run there are two types of costs, fixed and variable costs. Since there are fixed and…

Q: At the end of each year, an investor deposits some money into a fund earning 7% interest. The same…

A: Interest rate earned =  7%Number of year deposit to be made =  6 years Final value of amount  = 1600

Q: What stage of production is efficient region of production in short run?

A: There are three stage of production. The law of variable proportion can be divided into three…

Q: The owners of a small manufacturing concern have hired a vice president to run the company with the…

A: From the given scenario, it can be easily identified that when the firm earns zero profit in the…

Q: The demand schedule of Karachi electric (KE) (known as monopolist) is given as below. You need to…

A: Given: To Find: The final two columns to verify that the same conclusions are reached using the MR…

Q: What is a nation's cash inflow (outflow) on its current account and its capital account given the…

A: At the point when a nation encounters an enormous inflow of foreign currency, the central bank will…

Q: What is the economies of scale of General Motors?

A: The advantages of cost which is being obtained by the enterprises being solely due to their scale of…

Q: Suppose the government has imposed a price floor on the market for soybeans. Which of the following…

A: Price floor is minimum price that must be paid for the good. It is binding when it is set above the…

Q: te a topic on economies of scale, economies of scope, or learning curves.

A: Economy scale refers to changes within prices per unit because the range of units is multiplied. A…

Q: a) For example, at a price of S10, a mask seller would provide only 50 masks, but at S40 he would…

A: Supply and demand is the relationship between the quantity of a commodity which producers in turn…

Q: This discussion is related to Making a Decision, MAD 16-1 of your text (page 832). The text gives…

A: The direction and momentum of the cost of a variable is called it's trend. For example, if the price…

Q: What yardstick can a firm use to determine where it should produce?

A: To determine the level at which the firm should produce.

Q: What are different types of costs involved in production of goods and services? Analyze the…

A: Fixed expenses, variable costs, and the total cost of production make up the cost of production. The…