经济学家一般认为企业进入和退出一个市场是长期的行为,在短期,企业最多可以停止营业(shut down),即短暂的不生产。如果一个行业的壁垒较低,当这个行业有正的经济利润(Economic profit)时,长期会有企业进入这个行业,反之如果有负的经济利润(亏损)时,长期会有企业退出市场。 所以进入和退出行业的决策可总结为: 短期:...
The short run often forces firms to focus on immediate operational concerns rather than long-term strategic planning. Decisions are made to address short-term constraints and immediate profit maximization, potentially at the expense of long-term growth and innovation. This short-term focus can lead ...
Short Run vs. Long Run: Unpacking Economic Mysteries By Mike Moffatt Obviously the company would need a larger headquarters if it decided to make a significant expansion, but this scenario refers to the long-run decision of choosing a scale of production. There are no truly fixed costs in the...
How did economic profit and loss disappear in the long run? What is the difference between normal profits and economic profits? What is meant by "zero economic profits"? What are the major functions of economic profit? What non profits work in economic analysis? What are some economic tren...
short-run 美 英 adj.短期的;短时期 网络短版印刷;短期内;短期运行 英汉 网络释义 adj. 1. 短期的 2. 短时期 释义: 全部,短期的,短时期,短版印刷,短期内,短期运行
considering the other. According to theCorporate Finance Institute, a short run is a period of time not long enough to allow change to certain economic conditions. In contrast, the long run is defined as a period of time that is long enough to encompass all economic conditions and variables....
The short run period is a time period that is what? Which is more important to decision-making the short term effect or the long term effect? Why? What is the short-run demand for labor? What are economic profits at the short-run break-even price? What is Cost Minimization? What costs...
A. an increase in demand in the short run will result in a new price above the minimum of average total cost allowing firms to earn a positive economic profit in the long run. B. firms cannot earn positive economic profit in either the short run or long run. C. firms can earn positiv...
The principal aim of this paper is to measure the amount by which the profit of a multi-input, multi-output firm deviates from maximum short-run profit, and then to decompose this profit gap into components that are of practical use to managers. In particular, our interest is in the measu...
Explain, with the help of graphs, how a firm minimizes costs in the long run. Define and provide examples of the following term: Economic profit Describe the major types of risks to financial securities and give an example of each.