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Is the amount of time that separates the short run from the long run the same for every firm?
Wiki User
∙ 13y ago
Not necessarily, unless you consider only the firms in one sector of the economy.
Wiki User
∙ 13y ago
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Difference between running a firm in a short run and in a long run?
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.
What is a production period that allows changes only in variable inputs?
This production period is called the short run production period. This means that the amount of capital in the firm is fixed and cannot change because it takes time for the firm to receive ordered capital. In this situation the firm must change labor and materials (variable inputs) in order to maximize profits. The opposite of the short run production period is the long run production period. In the long run all inputs are flexible and the firm can theoretically maximize profits at any level of capital.
A firm's marginal cost curve above the average variable cost curve is also?
A firm's short run supply curve
What is the proper amount of money to obligate at the award of a firm fixed-price contract?
The full amount of the contract
If a firm decides to produce no output in the short run its costs will be?
its fixed cost
The difference between the amount of cash on the firm's books and the amount credited to it by the bank is?
The amount of cash liquidates possessed by a firm are its assets. The amount of credit lines extended to (and available) by a firm are considered liabilities.
Does every business firm have business strategies?
Not every business firm but lots of them have at least one business strategies.
What is the meaning of persuasive in short?
firm, solid
Is Karl in the firm?
yes he is he the short one in it
When debit amount of profit and loss account is greater than the credit amount you say the firm is in loss but when assets of the firm increases it is taken as debit ac how?
It is gained.
What is the liquidity position of the firm?
liquidity position of a firm is the amount of liquid assets ,that is, cash ,bank balance and those assets which can be converted into cash as and when required by the firm which is owned by the firm currently.
A sub-ledger that will get effected when the firm makes a credit purchase and the creditor bills that amount on the firm?
bills payable
Which firm is good leveraged or unleveraged while firm is getting profit?
leveraged firm is good because it has low risk than unleveraged firm while earning same amount of profit.
Why does a firm need to maintain an adequate amount of working capital?
An adequate amount of working capital is needed within a firm so that everyday expenses can be taken care of. Electric bills, payroll, and rental payments have to be paid to keep a firm in business.
Difference between running a firm in a short run and in a long run?
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.
What is the capital required to start a Partnership firm?
There is no limit on the minimum capital for starting a Partnership firm. Therefore, a Partnership firm can be started with any amount of minimum capital.
What is a production period that allows changes only in variable inputs?
This production period is called the short run production period. This means that the amount of capital in the firm is fixed and cannot change because it takes time for the firm to receive ordered capital. In this situation the firm must change labor and materials (variable inputs) in order to maximize profits. The opposite of the short run production period is the long run production period. In the long run all inputs are flexible and the firm can theoretically maximize profits at any level of capital.
