The planning horizon refers to the short run, when the firm must plan how much of a variable input to apply to a fixed input
a. True
b. False
Indicate whether the statement is true or false
False
Economics
You might also like to view...
If a good is scarce
A) some criteria must be established to determine who gets what. B) its price is above the market-clearing level. C) its price is below the market-clearing level. D) the quantity demanded is greater than the quantity supplied. E) the supply is less than the demand.
Economics
How does economic growth influence the production possibilities frontier?
What will be an ideal response?
Economics