1. Define the terms, \"fixed output and variable output\" and explain their differences.<\/p>
2. Opportunity cost can be broken down or divided into two parts, name the two parts and explain them.<\/p>
3. Explain the short-run market equilibrium and explain how it differs from the long-run.<\/p>
4. List the market structures and explain each of them?<\/p>
5. Explain the term shortage, according to the principles of microeconomics?<\/p>", "transcribed_text": "", "related_book": { "title": "Financial and managerial accounting", "isbn": "111800423X, 9781118233443, 1118016114, 9781118004234, 1118233441, 978-1118016114", "edition": "1st edition", "authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/221.jpg", "uri": "\/textbooks\/financial-and-managerial-accounting-1st-edition-221", "see_more_uri": "" }, "free_related_book": { "isbn": "1717430465", "uri": "\/textbooks\/hunter-high-school-5-math-practice-tests-1st-edition-978-1717430465-358476", "name": "Hunter High School 5 Math Practice Tests", "edition": "1st Edition" }, "question_posted": "2024-06-16 19:50:14", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-August-28", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/find-rl-for-maximum-power-transfer-and-the-maximum-power-3", "description": "Find RL for maximum power transfer and the maximum power that can be transferred to the load in the circuit in figure. RL 3 2 kn 3V(+ w- 1 k 1 mA 1 kn 0.5 mA 3 kn", "stars": 3 }, { "url": "\/study-help\/business-ethics-\/this-ethical-dilemma-concerns-a-hypothetical-situation-regarding-ethical-issues-1100330", "description": "This ethical dilemma concerns a hypothetical situation regarding ethical issues commonly found within the workplace. Have students read the scenario provided in the text and then conduct an...", "stars": 3 }, { "url": "\/study-help\/introduction-to-probability-statistics\/reservations-for-a-theater-performance-are-made-according-to-a-1983475", "description": "Reservations for a theater performance are made according to a Poisson process with rate ???? = 5 reservations per hour. If there are currently 20 seats available, what is the probability that all...", "stars": 3 }, { "url": "\/white-woods-manufactures-jewelry-boxes-the-primary-materials-wood-brass-242332", "description": "White Woods manufactures jewelry boxes. The primary materials (wood, brass, and glass) and direct labor are assigned directly to the products. Manufacturing overhead costs are allocated based on...", "stars": 3 }, { "url": "\/study-help\/questions\/3-0-million-in-cash-4-0-million-9736947", "description": "$ 3 0 million in cash, $ 4 0 million in debt, and 1 0 2 million shares outstanding. What range of prices is consistent with both sets of multiples? The range of prices will be: Lowest price within...", "stars": 3 }, { "url": "\/study-help\/questions\/given-the-following-history-use-a-three-quarter-moving-5309722", "description": "Given the following history, use a three - quarter moving average to forecast the demand for the third quarter of this year. Note, the 1 st quarter is Jan, Feb, and Mar; 2 nd quarter Apr, May, Jun; 3...", "stars": 3 }, { "url": "\/study-help\/questions\/the-gra-a-quadratic-function-with-vertex-0-1-is-1001879", "description": "The gra a quadratic function with vertex (0, 1) is shown in the Find the unge and the domain. 10 8 -2 24 6 8.10 Write the range and domain using interval notation. (a) range: (0,0) [0,0] (0,0)", "stars": 3 }, { "url": "\/study-help\/questions\/consider-the-equation-z16-1-3i-find-the-value-of-999785", "description": "Consider the equation z16 (1+ 3i). Find the value of z which satisfies this equation and which has the second smallest positive argument 0,0 \n \n \n \n Answered: 1 week ago", "stars": 3 }, { "url": "\/study-help\/questions\/coburn-beginning-capital-57000-and-webb-beginning-capital-93000-are-1659252", "description": "Coburn (beginning capital, $57,000) and Webb (beginning capital $93,000) are partners. During 2022, the partnership earned net income of $65,000, and Coburn made drawings of $19,000 while Webb made...", "stars": 3 }, { "url": "\/study-help\/questions\/your-company-has-an-azure-subscription-you-plan-to-create-999865", "description": "Your company has an Azure subscription. You plan to create a virtual machine scale set named VMSS1 that has the following settings: Resource group name: RG1 Region: West US Orchestration mode:...", "stars": 3 }, { "url": "\/study-help\/questions\/lila-invested-10000-in-one-of-long-life-insurance-companys-1709105", "description": "Lila invested $10,000 in one of Long Life Insurance Company's annuity contracts. When issued, the contract was paying a 5 percent rate of return. Two years later, Long Life increased this rate to 7...", "stars": 3 }, { "url": "\/study-help\/questions\/please-let-me-know-what-will-be-the-standard-quantity-3860613", "description": "Please let me know what will be the standard quantity ? ACCA Past Paper 5 The Safe Soap Co makes environmentally-friendly soap using three basic ingredients. The standard cost card for one batch of...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/classes-number-of-scores-1018-6-1927-9-2836-12-3160847", "next": "\/study-help\/questions\/classes-number-of-scores-1018-6-1927-9-2836-12-3160849" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Economics", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-economics" }, { "name": "1. Define the terms, fixed output and variable output and explain their", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/1-define-the-terms-fixed-output-and-variable-output-and-3160848" } ], "skill_details": { "skill_id": "12", "skill_name": "Economics", "parent_id": "1" } }d": "1" } }