The long run is best defined as a time period during which all inputs can be varied. during which at least one input cannot be changed. during which prices of other goods change. that is longer than one year. One thing that distinguishes the short run and the long run is the existence of variable costs. the existence of at least one fixed input. opportunity costs. the number of months considered.

Aproperty title search firm is contemplating using online software to increase its search productivity. currently an average of 40 minutes is needed to do a title search. the researcher cost is $2 per minute. clients are charged a fee of $400. company a's software would reduce the average search time by 10 minutes, at a cost of $3.50 per search. company b's software would reduce the average search time by 12 minutes at a cost of $3.60 per search. which option would have the higher productivity in terms of revenue per dollar of input?

Which  best  describes which careers would work in offices? 1.marketing information management and research, distribution and logistics, and marketing communications and promotion employees can work in offices.2.all marketing, sales, and service employees can work in offices.3.all marketing, sales, and service employees except those in management and entrepreneurship can work in offices.4.sales and service employees work in offices, but marketing employees do not

Suppose that a recent celebrity endorsement made more people prefer this brand of cell phones. now, more cell phones are demanded at each price level. as a result of the increase in demand, the equilibrium price and the equilibrium quantity increases, decreases