The time period during which a firm's capital is fixed but its labor is variable is called
A) the planning horizon.
B) the short run.
C) the long run.
D) the very long run.
Answer: B
Economics
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Which of the following is TRUE about species in the world?
A) Most extinct species became extinct within the past 30 years. B) The majority of extinct species became extinct before humans appeared. C) Extinct species became extinct only after human appeared. D) No species has ever become extinct.
Economics
Suppose a community is debating how much money to spend on improvements to the high school. The members of the community who have children advocate spending $20 million to make improvements. The remaining 60% of the community thinks the high school is just fine and does not want to spend anything. What will the outcome be?
Economics