Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the long run, factors of production Multiple Choice can move between products in response to differences in returns. are tied to what they are

In the long run, factors of production Multiple Choice can move between products in response to differences in returns. are tied to what they are employed to produce. are not important in determining the profits that firms can earn since the costs of factors are fixed. are affected in a manner that is inverse to the effect of trade on the products that those factors are used to produce

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial economics applications strategy and tactics

Authors: James r. mcguigan, R. Charles Moyer, frederick h. deb harris

12th Edition

9781133008071, 1439079234, 1133008070, 978-1439079232

More Books

Students also viewed these Economics questions

Question

Why was it not followed up?

Answered: 1 week ago

Question

What do you believe Enron should have done to prevent the collapse?

Answered: 1 week ago