The longer the time frame of analysis, the easier it is to make adjustments in production by switching production methods and/or building or closing down production facilities

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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The demand for money can be stated as M = (P x Y)/V.

a. true b. false

Economics

If a firm's product is perishable, where is the firm usually located?

(A) Near a river (B) In a city (C) Near its suppliers (D) Near its consumers

Economics