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What is meant by statement that firms operate in the short run nd plan in the long run?
The statement that firms operate in the short run and plan in the long run refers to the different time horizons in which businesses make decisions. In the short run, firms often face fixed factors of production and make operational adjustments, such as changing output levels or using existing resources more efficiently. In contrast, long-run planning involves strategic decisions, such as investing in new technologies, expanding capacity, or entering new markets, allowing firms to adapt to changing economic conditions and optimize their overall performance. This distinction underscores the importance of both immediate responsiveness and future-oriented strategy in business operations.
What else can I help you with?
A horizontal short-run aggregate supply SRAS curve implies that in the short run?
In the short run, prices are fixed and firms produces output to meet demands. So, firms take prices as given and produce output to meet desired expenditure.
What are the key differences between monopolistic competition in the short run and long run?
In the short run, firms in monopolistic competition can make profits or losses due to varying demand and costs. In the long run, firms can only make normal profits as new firms enter the market, increasing competition.
Why are firms willing to accept economic losses in the short run but not the long run?
There are sunk cost in the short run but not in long run.
The primary concern of creditors when assessing the strength of a firm is the firms?
short-term liquidity
What statements is true about prophets in a monopolistically competitive market?
In a monopolistically competitive market, firms can earn short-term profits due to product differentiation and brand loyalty, but these profits attract new entrants, leading to increased competition. Over time, the entry of new firms drives prices down and erodes profits, resulting in a long-term equilibrium where firms earn normal profits. Thus, while prophets (or profits) exist temporarily, they cannot be sustained in the long run. Ultimately, firms in this market structure operate with some degree of market power but face the constant threat of competition.
What are words that describe proverbs?
It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.
Does continuing resolutions authority apply to all appropriatins and each agency must identify funds needed to operate for a short term?
Yes- True Statement
A horizontal short-run aggregate supply SRAS curve implies that in the short run?
In the short run, prices are fixed and firms produces output to meet demands. So, firms take prices as given and produce output to meet desired expenditure.
The brothers quote several proverbs Choose the best definition for the word proverb?
It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.
Short paragraph on holidays are meant for recreation and relaxation?
write a short paragraph on 'holidays are meant for relaxation and recreation'
What is a short specific statement of the purpose and direction of a business called?
It would be the company's vision statement.
What is meant by the use of viz?
Viz means.. for example, or see. -firstmate-
What are the key differences between monopolistic competition in the short run and long run?
In the short run, firms in monopolistic competition can make profits or losses due to varying demand and costs. In the long run, firms can only make normal profits as new firms enter the market, increasing competition.
Why are firms willing to accept economic losses in the short run but not the long run?
There are sunk cost in the short run but not in long run.
The primary concern of creditors when assessing the strength of a firm is the firms?
short-term liquidity
What is generally the largest source of short term credit small firms?
Trade Credit
A short statement that expresses a truth is a?
an aphorism
