The short run is a firm's technology and the size of its factory, store, or office are fixed. In the long run, a firm is able to adopt new technology and to increase or decrease the size of its physical plant.
perfectly competitive industry become a monopoly, what changes
between the shut-down point and the break-even point.
Explain which of the following would be considered the long-run and short-run and why.
The difference narrows. ATC is the sum of AVC and AFC.. Since AFC declines steadily as output rises, the difference between ATC and AVC must narrow steadily.
maximizing the difference between total revenue and total cost
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An industry is a type of business in the economy while a firm is a unit or entity carrying a portion of the business in an economy.
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The firm is the company as a whole. The plant is one of the company's facilities, normally one of its manufacturing facilities.
a firm is a business unit that operates under a single management. while industry is a group of firm that produce similar products for the same market.
You can find all the information you need at this website, http://www.livestrong.com/article/379539-what-is-the-difference-between-hard-ground-firm-ground-soccer-cleats/.
Difference between Private Limited and Limited firm
Inter-firm distribution is the process of distributing services, information, or products between two or more different firms. Intra-firm distribution is distribution of services, information, or products within one single firm.
perfectly competitive industry become a monopoly, what changes
perfectly competitive industry become a monopoly, what changes
A sourcing firm will give the client a list of options to follow to obtain better personnel. A recruiting firm is going to actually do the recruiting to find better employees for clients.
A private equity firm is a financial organization that invests its money in companies not traded on the stock exchanges, or in securities not available to the public at large