In the short run:
A) a firm cannot increase or decrease at least one of its inputs.
B) output cannot be changed.
C) the price of output is fixed.
D) All of these are true.
Correct Answer:
Verified
Q142: When a firm can achieve economies of
Q143: A long-run ATC curve shows:
A)the minimum average
Q144: In the long run, when average total
Q145: In the long run, when an increase
Q146: When a firm is on the portion
Q148: Which of the following could be true
Q149: To determine whether a firm is experiencing
Q150: Constant returns to scale occur when:
A)an increase
Q151: Economies of scale occur when:
A)an increase in
Q152: In the long run, when an increase
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents