The short run is a time period in which:

Related MCQs

• An oligopolist may engage in short-run behaviour that results in lower profits if
• If the short-run average variable costs of production for a firm are rising, then this indicates that:
• The firm’s short-run marginal-cost curve is increasing when:
• A game that involves interrelated decisions that are made over time is a
• Which of the following shifts the demand for watches to the right?
• An inferior good is one for which an increase in income causes a(n)
• Which of the following would cause a demand curve for a good to be price inelastic?
• Which of the following would decrease the supply of wheat?
• Which of the following defines marginal utility?
• Which best expresses the law of diminishing marginal utility?