What are the best ways to increase revenue and reduce costs in the short run from...

What are the best ways to increase revenue and reduce costs in the short run from a micro-economic perspective? in your words. (at least 150 words)

Expert Solution

Rahul Sunny answered 1 year ago

in what ways will future technological development increase inequality? in what ways will technological development reduce...

in what ways will future technological development increase inequality? in what ways will technological development reduce inequality?

In the short run, an increase in government purchases

In the short run, an increase in government purchasesshifts the aggregate demand curve to the left. decreases the price level. shifts the aggregate supply curve to the right. increases real GDP.

In a closed economy, what happens in the short run as a result of an increase...

In a closed economy, what happens in the short run as a result of an increase in taxes? both investment and output increase. money demand and output increase. the change in the interest rate increases money demand and the change in output decreases money demand. investment decreases and output increases. the change in the interest rate decreases money demand and the change in output increases money demand. Which of the following would decrease real wages in the medium run? expansionary...

A firm shuts down in the short run when its revenue is less than fixed costs...

A firm shuts down in the short run when its revenue is less than fixed costs because fixed costs always have to be paid. True or False? Explain your reasoning.

What is the difference in the short run and the long run? In the short run,...

What is the difference in the short run and the long run? In the short run, A. at least one of the firm's inputs is fixed, while in the long run, at least one of the firm's inputs is variable. B. at least one of the firm's inputs is fixed, while in the long run, the firm is either able to vary all its inputs, adopt new technology, or change the size of its physical plant. C. at least one...

3. Short-run costs are generally lower than long-run costs.

True/False Questions. 3. Short-run costs are generally lower than long-run costs. 4. If a firm has zero fixed costs, then the firm’s total cost is equal to its variable costs. 5. Since the marginal cost curve “pulls” the average variable cost curve, the marginal cost curve will lie above the average variable cost curve only when average variable costs are decreasing.

In the short run, the entry of firms will result from ___________________. In the short run,...

In the short run, the entry of firms will result from ___________________. In the short run, the exit of firms will result from ______________. In the long run, there will be _______ economic profit. Triple Equality is when _____ = minimum ______ = ______ The term productive efficiency means ______ = _______. This is important because _________________________. The term allocative efficiency means _____ = ________. This is important because __________________________.

What’s the law of diminishing marginal productivity? What are the costs in the short run? What...

What’s the law of diminishing marginal productivity? What are the costs in the short run? What are the costs in the long run?

A project will reduce costs by $37,600 but increase depreciation $17,700. What is the operating cash...

A project will reduce costs by $37,600 but increase depreciation $17,700. What is the operating cash flow if the tax rate is 35 percent?

What is the importance of the short run capital flow in BOP account How an increase...

What is the importance of the short run capital flow in BOP account How an increase of a country export on goods affect the BOP account? How the fixed exchange rate promotes investment stability? How the flexible exchange rate system isolates domestic economy from external shocks?

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