Why are there no fixed costs in the long run?
Question:
Why are there no fixed costs in the long run?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
In economics the distinction between the short run and the long run is based on the flexibility ...View the full answer
Answered By
Rodrigo Louie Rey
I started tutoring in college and have been doing it for about eight years now. I enjoy it because I love to help others learn and expand their understanding of the world. I thoroughly enjoy the "ah-ha" moments that my students have. Interests I enjoy hiking, kayaking, and spending time with my family and friends. Ideal Study Location I prefer to tutor in a quiet place so that my students can focus on what they are learning.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A: Assume that the production technology uses labor and capital k as inputs, and assume through- out this problem that the firm is currently long run profit maximizing and employing a production...
-
1. In the classical model, it is thought that the long-run: A. and short-run aggregate supply curves are both upward sloping. B. aggregate supply curve is vertical and the short-run aggregate supply...
-
importance of workalike balance for women as a leader in healthcare. 1. The purpose of the research; 2. Research question/s; 3. Findings and relevant data; 4. Any recommendations and; 5. The...
-
Which Of the following, which is the least likely component of the project charter? This type of question contains radio buttons and checkboxes for selection of options. Use Tab for navigation and...
-
Analyze the accounting equation effects of the transactions in M2-13 using the format shown in the chapter, and compute total assets, total liabilities, and total shareholders' equity. In M2-13 J.K....
-
Explain how the DBA plays an arbitration role for an organization's two main assets. Draw a diagram to facilitate your explanation.
-
For the production of ethylene glycol, how much is the economic potential per pound of ethylene glycol reduced when chlorine and caustic are used to avoid the production of ethylene oxide?
-
Charlies Cycles Inc. has $110 million in sales. The company expects that its sales will increase 5% this year. Charlies CFO uses a simple linear regression to forecast the companys inventory level...
-
Simplify. 3 (4.14)
-
Why is a business firm never in the long run?
-
What happens to the difference between ATC and AVC as a firms output expands? Explain.
-
Below are incomplete financial statements for Cyclone, Inc. Required: Calculate the missing amounts? CYCLONE, INC. Income Statement CYCLONE, INC. Statement of Stockholders' Equity Common Retained...
-
A Pikachu is 2.5 meters from a plane (flat) mirror. How far apart is the real object (Pikachu) and Pikachu's image? Question 22 2 pts A model rocket 0.5 m from a diverging lens is 0.9 m tall. Its...
-
Jesse has a utility function = () 1/22, with risk aversion of A=3, when applied to return on wealth over a one-year horizon. She is pondering two portfolios, the TSX/S&P Composite Index and a hedge...
-
Lidocaine is ordered 1 mg/kg to a patient that weighs 150 lbs. It is supplied 100 mg/5 mL. How many mL will you need to give?
-
A piano wire with mass 3.35 g and length 78.0 cm is stretched with a tension of 32.0 N. Awave with frequency 115 Hz and amplitude 1.90 mm travels along the wire Part A Calculate the average power...
-
A completely inelastic collision occurs between two balls of wet putty that move directly toward each other along a vertical axis. Just before the collision, one ball, of mass 5.0 kg, is moving...
-
Will the Kindle revolutionize the book industry? Why or why not?
-
Classify each of the following as direct costs or indirect costs of operating the Pediatrics ward for children at the Cleveland Clinic: a. Wi-Fi covering the entire hospital campus b. Net cost of...
-
Does a firms price equal marginal cost in the short run, in the long run, or both? Explain.
-
Does a firms price equal the minimum of average total cost in the short run, in the long run, or both? Explain.
-
Consider total cost and total revenue given in the following table: a. Calculate profit for each quantity. How much should the firm produce to maximize profit? b. Calculate marginal revenue and...
-
X is all-equity with 300,000 shares outstanding. Current market price of one stock is $5.4. X plans to issues 500 new perpetuity bonds, face value $1000, interest rate 5%. The proceeds from the...
-
F is an all-equity firm with assets worth $1Mns. Expected returns on assets equal to 9%. F buys new assets at market value for $0.5Mns (same risk as existing assets). The acquisition is financed by...
-
Consider the CAPM. The expected return market is 20%. The expected return on a stock with a beta of 1.2 is 22%. What is the risk free rate?
Study smarter with the SolutionInn App