What is the difference between the firms short-run supply curve and its long-run supply curve? Make up
Question:
What is the difference between the firm’s short-run supply curve and its long-run supply curve? Make up an actual example to explain your answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (19 reviews)
A firms shortrun supply curve begins at the shutdown point and continues a...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
What is the difference between a bank run and a bank panic? How might a bank run lead to a bank panic?
-
What is the difference between supply chain risk management and supply chain security management? Which do you think is most important?
-
What is the difference between supply chain management and demand management?
-
Your parents have made you an offer you can't refuse. They're planning to give you part of your inheritance early. They've given you a choice. Option (a) They'll pay you $11,000 per year for each of...
-
A random sample of 40 taxpayers with adjusted gross incomes of between $ 100,000 and $ 200,000 was drawn. These taxpayers claimed an average of $ 9,922 in medical expenses for the year. Assume the...
-
Professor Mohamed El Hodiri of the University of Kansas, in a classic tongue-in-cheek article The Economics of Sleeping, Manifold, 17 (1975), offered the following analysis. Assume there are 24 hours...
-
For a random sample of n = 225, find the probability of a sample mean being greater than 37.2 when = 38 and = 2.17. The population mean and standard deviation are given. Find the indicated...
-
Huluduey Corporations comparative balance sheet for current assets and liabilities was as follows: Adjust net income of $160,000 for changes in operating assets and liabilities to arrive at net cash...
-
Refer to case law and/or statutory authority where appropriate and relevant to support your answers. Use IRAC method. Chris, Mia, and Lily teamed up to establish a health consultancy named...
-
The following data give the number of turnovers (fumbles and interceptions) made by both teams in each of the football games played by North Carolina State University during the 2009 and 2010...
-
Is the analysis for maximizing profits the same as that for minimizing losses? Explain why it is or why it isnt.
-
What is the difference between the firms short-run supply curve and its long-run supply curve? Make up an actual example to explain your answer.
-
Describe how the matching of key information on supporting documents can help a company determine that purchase transactions have been properly executed.
-
Sunland Company has a factory machine with a book value of $93,100 and a remaining useful life of 5 years. It can be sold for $27,200. A new machine is available at a cost of $430,400. This machine...
-
Describe, in detail, any other non-contract legal theories that Diner Delivery might assert to against Nora collect the $600?
-
Why do you think Arizona has become such a hotspot for immigration?
-
Why do you believe it took five years for the p-card abuser to be caught? How might this abuse of a p-card have been detected earlier, or possibly even prevented from occurring? What strategic damage...
-
Explain the "Hypothetical Monopolist Test" also called SSNIP, what it is and how it is used.
-
Problems 6776 are based on material learned earlier in the course. The purpose of these problems is to keep the material fresh in your mind so that you are better prepared for the final exam. Where...
-
Outline a general process applicable to most control situations. Using this, explain how you would develop a system to control home delivery staff at a local pizza shop.
-
1. There is asymmetric information in the used-car market because _________ (buyers/sellers) cannot distinguish between lemons and plums but _________ (buyers/sellers) can. 2. The supply curve for...
-
1. There is asymmetric information in the used-car market because _________ (buyers/sellers) cannot distinguish between lemons and plums but _________ (buyers/sellers) can. 2. The supply curve for...
-
1. There is asymmetric information in the used-car market because _________ (buyers/sellers) cannot distinguish between lemons and plums but _________ (buyers/sellers) can. 2. The supply curve for...
-
1-Define electric fields and how it helps us understand electricity. 2-Electric fields are represented as a physical effect of a configuration of charges that is created by the attraction of electric...
-
Why thin film on a glass surface can remove completely reflections at certain light wavelength? Magnesium fluoride (n = 1.38) is used as coating on nonreflecting glass. How thin coating is enough to...
-
How much work ( in joules) is done in lifting a 45.57 newton box from the floor to a table that is 0.73 meters above the floor? Round your final answer to two decimal places. A ball is thrown...
Study smarter with the SolutionInn App