If the marginal cost is more than the average variable cost, a firm will keep producing in the near run; if the marginal cost is lower than the average overall cost, a firm will shut down. The company will thus remain open in the short term and exit in the long run if the price is between these two curves.
The term "marginal cost" describes the rise in manufacturing costs brought on by the creation of more product units. Another name for it is the marginal cost of manufacturing.
The profit-maximizing decision for a fully competitive business will occur at the level of output where marginal revenue equals marginal cost—that is, where MR = MC. This happens in the figure when Q = 80.
To learn more about marginal cost
https://brainly.com/question/28043869
#SPJ4
analytics llc processes misinterpreted data furnished by botch services to propose a marketing plan for clientele inc. analytics and clientele are both ignorant of the mistaken data. their contract can be rescinded on the basis of
Their contract can be rescinded on the basis of a bilateral mistake.
The required details about analytics is mentioned in below paragraph.
Discovering, understanding, and communicating meaningful patterns in data is the process of analytics. Simply put, analytics enables us to recognize insights and valuable data that we might not otherwise notice.
A joint legal mistake is another term for a bilateral error. It arises when both parties are acting incorrectly on faulty information. Bilateral errors can be troublesome since both parties misunderstand the contract and its terms. When one partner falls unexpectedly ill, when an expected product inventory does not arrive at its intended place, or when parties are mistaken about legal title of a property or object, a bilateral mistake can develop. A joint legal mistake is another term for a bilateral error. It arises when both parties are acting incorrectly on faulty information. Bilateral errors can be troublesome since both parties misunderstand the contract and its terms.
To learn more about analytics, visit here.
brainly.com/question/15518950
#SPJ4
what could be a less dangerous alternative that is economically feasible for a manufacturer to prevent legal exposure for a product being unreasonably dangerous?
A product is considered unreasonably dangerous if it is dangerous beyond the ordinary consumer's expectations or if a less dangerous alternative was economically feasible for the manufacturer but was not produced.
What does the phrase "unreasonably dangerous" mean?A product that is unreasonably dangerous is one that poses greater risks than a reasonable user would expect when using the product as intended. This definition distinguishes between dangerous products, such as drain cleaners or chainsaws, and those that pose risks beyond their intended purpose. Unreasonably dangerous means dangerous when used normally, and dangerous to a greater extent than a typical consumer would consider. Because of its dangerous design, the product injures a user. If either of these flaws renders the product unreasonably dangerous when used as intended, any seller (from manufacturer to retailer) may be held liable for any injuries caused by the defective product.To learn more about dangerous products, refer to:
https://brainly.com/question/15730316
#SPJ4
In economics, actions by individuals and interest groups designed to influence public policy in a manner that will either directly or indirectly redistribute more income to themselves are known as.
In economics, actions by individuals and interest groups designed to influence public policy in a manner that will either directly or indirectly redistribute more income to themselves are known as rent seeking
Economics focuses on the actions and interactions of economic agents as well as the operation of economies. Microeconomics examines what are thought of as the fundamental components of the economy, such as the activities of individual agents and markets as well as the interactions that result from those actions. Households, businesses, buyers, and sellers are just a few examples of individual agents. The study of macroeconomics examines the economy as a system in which production, consumption, saving, and investment coexist, as well as factors influencing it such as the employment of labor, capital, and land resources, currency inflation, economic growth, and public policies that have an effect on these components.
learn more about Economics:
https://brainly.com/question/14787713
#SPJ4
Which asset is the most liquid?
A. A certificate of deposit
B. An individual retirement account
C. Commercial real estate
D. Residential real estate
carol has developed a new needle threader for stitching. she has used the needle threader herself and contacted all of the other stitchers in her area. after months of research, she decided that other stitchers were satisfied with the needle threaders they already used and that she couldn't make a profit by selling her new needle threader. this example shows that
This example shows that C. A segment must be large enough to warrant developing and maintaining a product.
What is a product?A product can be defined as any physical object (tangible item) that is typically produced by a manufacturer so as to satisfy and meet the demands, needs or wants of every customer.
In Business management, some examples of a product include the following:
Digital cameraRefrigeratorLaptop computerSmartphones or Mobile phonesTelevisionMicrowave ovenSoftwareShampooDrugsBased on the research conducted by Carol, we can reasonably infer and logically deduce that a market segment must be large enough before a manufacturer (producer) can develop and maintain a product, as well as making profit by selling the product.
Read more on a product here: brainly.com/question/24322139
#SPJ1
Complete Question:
Carol has developed a new needle threader for stitching. She has used the needle threader herself and contacted all of the other stitchers in her area. After months of research, she decided that other stitchers were satisfied with the needle threaders they already used and that she couldn't make a profit by selling her new needle threader. This example shows that
A. Carol's needle threader didn't work very well
B. People who enjoy cross-stitch and needlepoint do not form a market segment
C. A segment must be large enough to warrant developing and maintaining a product
D. Carol should keep trying to sell her product
Explain the reasons for preparing a business plan.
Answer:
it's the need of the business man
suppose that the price of corn, a crop produced in a perfectly (or purely) competitive industry, increased 208% last year as demand for corn‑based ethanol fuel increased. what do you expect to happen in the long run for the corn industry given this recent success?
I expect to happen in the long run for the corn industry given this recent success profits would be equal to zero.
What is corn?
Corn was first domesticated by local peoples in southern Mexico some 10,000 years ago. Modern corn is thought to have evolved from the wild grass Balsas teosinte. By the time of European arrival of North America, its civilization had expanded as far north as southern Maine, and Native Americans taught European colonists how to harvest indigenous grains. Corn has expanded to all areas of the world that are suitable for agriculture since its introduction into Europe by Christopher Columbus and other explorers and colonisers.
There is perfect entry and exit of enterprises in a perfectly competitive industry. When there is a profit in the short run, new firms will enter the industry, driving earnings to zero in the long run. If, on the other hand, a firm earns negative profits, firms will exit the industry in the long run, bringing earnings to zero.
To learn more about corn
https://brainly.com/question/397421
#SPJ9
If oranges sell for $100 per crate in the united states and 4000 pesos per crate in mexico, the law of one price indicates that you should be able to exchange $1 for.
The law of one price indicates that you should be able to exchange $1 to 40 pesos.
A currency exchange can be described as a licensed business that allows customers to exchange one currency for another. Currency exchange of physical money (paper bills and coins) is usually done over the counter at a teller station, which can be found in various places such as hotels, and resorts, airports, and banks.
There are 3 methods of money exchange, such as reciprocity, redistribution, and market exchange.
Oranges = $100
Oranges = 4000 pesos
Oranges = $100 = 4000 pesos
$100 = 4000 pesos
So, $1 = 40 pesos
Learn more about money exchange here https://brainly.com/question/15380020
#SPJ4
_____ is the degree to which tasks are subdivided into smaller jobs. group of answer choices task breakdown task-objective division task subdivision specialization functional divisionalization
Specialization is the degree to which tasks are subdivided into smaller jobs
Task specialization is the degree to which the overall task of the organization is broken down and divided into smaller component jobs or tasks.
It is sometimes called division of labor. And very important because it allow a certain worker to work in his/her area of mastery to reduce the risks of making mistakes and consequently provide value for the company.
Correct Choice: Specialization
Learn more about task specialization here:
https://brainly.com/question/12838908
#SPJ4
it is 2017, and you work for a prestigious man- management consultant firm whose client is a large agribusiness company that is considering acquiring an ownership stake in several u.s. yellow perch farming operations. (the yellow perch is a fresh fish found in the united states and raised commercially for sale as food.) as a member of the consulting team working on this project, you have been assigned the task of understanding why the u.s. farm-raised perch industry has evolved as it has over the last six years.
To identify organizational difficulties, collect and evaluate data, develop and implement solutions, and engage with company executives and business leaders.
Man management skills: what are they?
Technical talents are easier to define than people management abilities, commonly referred to as "soft skills." Simply said, they are the abilities you need to manage your employees effectively and to effectively handle, engage with, and lead them. They include abilities like workplace communication, trust, and patience, to mention a few.
What are the three categories of skills?
There are three categories of skills: self-management, functional, and specialized knowledge. Functional skills are innate aptitudes or capabilities that are refined through practice and education. Examples include choosing a course of action, fixing machinery, or figuring taxes.
To learn more about management from the given link.
https://brainly.com/question/28072798
#SPJ9
wayman corporation reports the following amounts in its december 31, 2024, income statement. sales revenue $397,000 income tax expense $51,000 interest expense 21,000 cost of goods sold 131,000 salaries expense 41,000 advertising expense 31,000 utilities expense 51,000
A presentation of the multiple-step income statement is presented below.
Wayman Corporation
Multiple-step income statement
As on December 31,2021
Sales revenue $397,000
Less: Cost of goods sold -$131,000
Gross profit $266,000
Less: Operating expenses
Salaries expense $41,000
Utilities expense $51,000
Advertising expense $31,000
Total operating expense -$123,000
Operating income $125,000
Less: Interest expense -$15,000
Income before taxes $110,000
Less: Income tax expense -$45,000
Net income $65,000
So, a multi-step income statement is an income statement which tends to segregate the total revenue and expenses into the operating and the non-operating heads.
Hence, the presentation of the multiple-step income statement was presented.
To learn more about the income statement here:
https://brainly.com/question/14308954
#SPJ1
Suppose televisions are a normal good and buyers of televisions experience a decrease in income. As a result, consumer surplus in the television market.
Answer:
Explanation:
Consumer surplus always increases as the price of a good falls and decreases as the price of a good rises.
Consumer surplus in the television market may increase, decrease, or remain unchanged.
What do you mean by Experience?The fact or condition of having been impacted by or learning anything by direct observation or engagement is known as experience.
Consumer advantages from market competition are measured economically as consumer surplus. When customers pay less for a good or service than they are willing to, this is known as a consumer surplus.
The consumer surplus would be lower and inequality would be higher if markets lacked competition. Higher producer surplus and greater inequality result from lower consumer surplus. Because of the consumer surplus, consumers can choose from a broader variety of goods.
Therefore, it may increase, decrease, or remain unchanged.
Learn more about Experience, here;
https://brainly.com/question/2910716
#SPJ2
information that is free from error or bias and accurately represents the events or activities of the organization is group of answer choices relevant. accurate. verifiable. timely.
information that is free from error or bias and accurately represents the events or activities of the organization is reliable.
is found in information that is dependable and free from error or bias?
If information correctly depicts the events or operations of the organization and is free from bias or inaccuracy, it is considered dependable. If significant components of the underlying events or actions that it measures are not left out, the information is comprehensive.Information that doesn't leave out crucial details of the underlying activities or occurrences that it measures Complete the value of information is the benefits produced by possessing and using the information minus the cost of producing itto learn more about Information that is free from error bias reffer to:
https://brainly.com/question/14284915
#SPJ9
A company’s hr department is overwhelmed with a constant flood of résumés submitted through its website and in response to the ads it places for job vacancies. Derrick, the department’s manager, is concerned that the company will overlook excellent candidates because employees don’t have time to carefully evaluate or remember all the applicants. How might an applicant-tracking system help the department?.
If Derrick, the department’s manager, is concerned that the company will overlook excellent candidates . How an applicant-tracking system can help the department is : by matching information in resumes against the company's selection criteria and then storing records for future searches
What is applicant-tracking system?An applicant-tracking system can be defined as the process of making use of computer software to track all the resumes or cv that was submitted by applicant in which the best resume or the resume that best meet the company requirement or criteria based on the skills and experience that the applicant have in their resume are ranked first above all other resume.
Most companies or organization tend to make use of applicant-tracking system as this will enables them to screen out less qualified candidate that does not meet the company requirement.
Therefore we can conclude that applicant-tracking system can enables company to choose the candidates that meet the company selection criteria.
Learn more about applicant-tracking system here: https://brainly.com/question/28579425
#SPJ1
which of these is most likely to be an unsought product? group of answer choices a swagtron hoverboard a 5-hour energy shot a flight on american airlines to phoenix roget’s thesaurus ivory soap
The most likely to be an unsought product is given as Roget's thesaurus. Option D
This is further explained below.
What are Unsought products?Generally, Unsought goods are those that the customer either is unaware of or is aware of but does not immediately want, such as Roget's Thesaurus.
The term "unsought products" refers to items that the average customer is either unaware of or does not often consider purchasing, but may end up doing so owing to the presence of risk or the anticipation of risk combined with a deficiency of desire.
Funeral services, encyclopedias, fire extinguishers, and reference books are some of the most well-known examples of items that are not actively sought.
In conclusion, It is said that Roget's thesaurus is the product that is least likely to be in demand. The D Option
Read more about Unsought goods
https://brainly.com/question/14227090
#SPJ1
xercise 11-6 (algo) stock issuance for noncash assets lo p1 sudoku company issues 30,000 shares of $5 par value common stock in exchange for land and a building. the land is valued at $241,000 and the building at $372,000. prepare the journal entry to record issuance of the stock in exchange for the land and building.
An arrangement in which two people work the same position at a company on different days is known as
A. consulting
B. contracting
C. job sharing
D. telecommuting
Answer:
Explanation:
The correct answer is option C. Job sharing.
Job Sharing - In the job-share model, two employees split the burden of a single full-time position between them; they complete the same responsibilities on various days of the week.
long-run competitive equilibrium multiple choice is realized only in constant-cost industries. will never change once it is realized. is not economically efficient. results in zero economic profits.
Long run competitive equilibrium results in zero economic profits.
Perfect competition is a form of market where buyers having full knowledge of product and the firm is price taker.
Homogenous product is sold in the perfect competition.
Price is decided by the market forces of demand and supply.
In the short run, firms earn positive economic profit due to increase in demand.
In the long run , the number of firms enter the industry due to which the production increases and reduction in demand causes the economic losses in the short run and some firms exit which makes economic profit zero.
Profits and losses are eliminated due to entry and exit of infinite number of firms producing the divisible, homogenous products in a industry in the long run.
To know more about perfect competition:
https://brainly.com/question/1488584
#SPJ1
why might an effective rent control actually increase homelessness in a city? multiple choice landlords will make less of an effort to maintain rent-controlled apartments because they receive less rent from these apartments. landlords will build more apartments due to the shortage of affordable housing. fewer people will look for apartments in the area due to the shortage of affordable housing. more people may move to the area hoping to find a lower-priced apartment.
An effective rent control can increase homelessness because more people may move to the area hoping to find a lower-priced apartment.
What is rent control?Rent control is when the government or an agency of the government sets the maximum price that landlords can charge as rents. When rent control is effective, it is set below the equilibrium price.
When rent is set below the equilibrium price for rents, the quantity demanded would exceed the quantity supplied. The quantity demanded of rented house would increase because people would move to the area where it is cheaper to rent. This would result in a shortage. As a result, there would be an increase in homelessness.
Rent control is an example of a price ceiling. Price ceiling is when the maximum price of a good is set by the government. Price ceilings are enacted to control the increase in price of a good or service and protect the consumers of the product.
To learn more about a price ceiling, please check: https://brainly.com/question/26532229
#SPJ1
pan american refineries, headquartered in houston, must decide among three sites for the construction of a new oilprocessing center. the firm has selected the six factors listed
The revenue maximum is 22.1 million. We see that is equal to 2.50 by the table by linear programming problem.
Set up a linear programming problem and because the problem mentions Boston and New York. Now, for this revenue calculation, multiply 25094 by 76.4 million 3/4 and 279 minutes. 279 4 15 minutes per 60 minutes or more That there is one, so they get six thousand states point. And 21 million divided by four equals four. One million and four seconds. 217 100,000. And the revenue maximum is 22.1 million. We see that is equal to 2.50 by the table.
Here is the complete question-
Pan American Refineries, headquartered in Houston, must decide among three sites for the construction of a new oil-processing center. The firm has selected the six factors listed below as a basis for evaluation and has assigned rating weights from 1 to 5 on each factor: FACTOR FACTOR NAME RATING WEIGHT1 Proximity to port facilities 52 Power-source availability and cost 33 Workforce attitude and cost 44 Distance from Houston 25 Community desirability 26 Equipment suppliers in area 3Subhajit Chakraborty, the CEO, has rated each location for each factor on a 1- to 100-point basis. FACTOR LOCATION A LOCATION B LOCATION C1 100 80 802 80 70 1003 30 60 704 10 80 605 90 60 806 50 60 90. Use linear programming to get weighted score.
Learn more on linear programming problem-
https://brainly.com/question/15417573
#SPJ4
it is generally neither necessary nor useful to have every single function represented on the core project team, as that would make communications and scheduling meetings more difficult.
The statement is True.
The required details about core project team is mentioned in below paragraph.
A Core Team (CT) is a group of subject matter specialists who work together on a specific project under the direction of the core team manager. These professionals collaborate to identify solutions for the project's implementation, keeping their management informed of their choices and any potential dangers they may have.
The methods that organize and coordinate the project crew are included in Project Human Resources Management. The project team is made up of the persons who have been allocated tasks and duties to accomplish the project. While it is typical to discuss the assignment of roles and duties, team members should be involved in project planning and decision making to a great extent. Team members that participate early in the planning phase gain experience and increase their commitment to the project. As the project continues, the kind and number of project team members may change. The methods that organize and coordinate the project crew are included in Project Human Resources Management.
To learn more about project from the given link:
https://brainly.com/question/15999858
#SPJ4
when reimbursing the petty cash fund: multiple choice petty cash is debited. cash is debited. appropriate expense accounts are debited. petty cash is credited. no expenses are recorded.
When reimbursing the petty cash fund appropriate expense accounts are debited.
Petty cash is any small amount of cash used for expenses where payment by check is impractical due to the hassle and cost of writing, signing, and cashing checks.
Petty cash is a small amount of cash held on company premises to meet small cash needs. Examples of these payments are office supplies, cards, flowers, etc. Postage is kept in a small cash drawer or box near where you need it most.
Every business needs petty cash to make small transactions on a daily or weekly basis. Instead of having to use a check all the time, think of it as a small amount of cash to keep on hand for "small" expenses.
Learn more about petty cash https://brainly.com/question/22520039
#SPJ1
sterling glass company uses the high-low method to analyze mixed costs. the following information relates to the production data for the first six months of the year. month cost hours january $ 4,610 360 february $ 4,975 520 march $ 5,780 610 april $ 4,575 320 may $ 5,775 920 june $ 5,410 560 what is the estimated total cost at an operating level of 210 hours?
The estimated total cost at an operating level of 210 hours is $4355.
Total cost
Total cost (TC) is the lowest dollar cost of producing some quantity of output in economics. This is the total economic cost of production, which consists of variable cost, which varies according to the quantity of a good produced and includes inputs such as labour and raw materials, and fixed cost, which is independent of the quantity of a good produced and includes inputs that cannot be changed in the short term, such as buildings and machinery, as well as possibly sunk costs. In economics, total cost includes the total opportunity cost (benefits from the next-best alternative) of each factor of production as part of its fixed or variable costs.
Fixed cost = Total cost at highest level - (Total hours at highest level × Variable cost/hour)
= $5,775
(920 x 2)
= $3,935
Cost for 210 hours Fixed costs + Variable costs =
= $3,935+ 210× 2
= $4,355
The estimated total cost at an operating level of 210 hours is $4355.
To learn more about total cost
https://brainly.com/question/25109150
#SPJ9
when walmart founder sam walton drove his old pick-up truck to work, his employees embraced his ethic of frugality. what type of power did he display?
When Walmart founder Sam Walton drove his old pick-up truck to work, his employees embraced his frugal business philosophy. He exhibited the referent type of power.
Who is Sam Walton?Samuel Moore Walton was an American businessman and entrepreneur who founded the retail chains Walmart and Sam's Club. Wal-Mart Stores Inc. grew to become the world's largest corporation by revenue as well as the world's largest private employer. Walton was the wealthiest man in America for a time. The Walton family remains Walmart Inc.'s largest shareholder. According to official company documents, the children of Walmart founder Sam Walton own roughly half of all Walmart shares. Sam opened the first Walmart in Rogers, Arkansas, at the age of 44, inspired by the early success of his dime store and driven to provide even greater opportunity and value to his customers.
To learn more about Sam Walton, refer to:
https://brainly.com/question/7202836
#SPJ9
a project team discovers an efficient process to more quickly develop a product. the program manager implements the idea in several other projects. when the portfolio manager learns that the more efficient process is working across several projects, they recommend it to several programs. this scenario exemplifies which best practice?
The portfolio manager suggests it to several programs once they discover that the more effective procedure is being used across a number of projects. The best example of continuous improvement practice is this scenario.
What is a practice of continuous improvement?Kaizen, or continuous improvement, is a process for finding opportunities to eliminate waste and streamline work. The practice, which is now utilized by thousands of businesses worldwide to find cost-saving opportunities, was formalized by the success of Lean, Agile, and Kaizen in manufacturing and business.
Numerous of these ideologies work well when combined. For continuous improvement, Kaizen and Kanban, for instance, can work together. The right tool for the enterprise integrates continuous improvement in an automated, scalable solution, even though it can be practiced without a formalized version of a Lean and Agile method.
Learn more about continuous improvement practices with the help of the given link:
brainly.com/question/17073528
#SPJ9
when an agreement fails to qualify as an enforceable contract, but one of the parties breaches the agreement, the non-breaching party: may sue for reformation. may sue for specific performance. has no remedy. may sue for unjust enrichment.
In a contract, when an agreement fails to qualify as an enforceable contract but one of the parties breaches the agreement, the non-breaching party has no remedy.
What is a contract agreement?As a contract means a legally binding agreement between two or more parties, the contractual agreement therein, helps to creates a promise that certain rights and obligations will be fulfilled by each party
Most often, a contract will only be enforceable if both parties have entered into the contract willingly. However, when one parties have been bullied, pressured, manipulated into entering into the contract, the contract will be unenforceable because of lack of consent.
Read more about contract
brainly.com/question/984979
#SPJ1
Discussion Prompt
Give an example of the price of a good changing. Explain what determinant of supply or demand you think led to this change. (For example, the price of laptop computers has decreased in recent years due to technological change.)
(a) An example of the price of a good changing is the price of laptop which has been changing due to the increase need by its users.
(b) A major determinant factor which has been affecting the price of laptops include its price and high level of technological advancement.
Understanding the determinant factors which affects the price of commodities in the labour market.There are several factors which usually, frequently and most of the time affect the supply or demand of a particular commodity. These factors include:
The price of the commodity The prce of others related commodities.Technological advancementGovernment policiesNatural conditions.As a result of the fact that people demand alot for laptops, it price changes from time to time in order to meet its supply.
That being said, because the internet is the future, many now need laptops to access or trap into several online opportunities which in the long run affect the price, demand and supply of laptops and other commodities.
In conclusion, the determinant of demand and supply which led to decrease in price of laptop computers is technological change because at improved technology, the cost of producing laptop decrease thereby causing a decrease in price of laptop and increase in demand for laptop.
Read more about supply and demand:
https://brainly.com/question/1222851
#SPJ1
interest incurred, but not yet paid during an accounting period, should be recorded as an expense and a(n) . multiple choice question. revenue contra account asset liability
Interest incurred, but not yet paid during an accounting period, should be recorded as an Accrued Expense.
Accrued Expense is an expense which is incurred in one accounting period but not yet paid.
Recording an accrued expense means that transaction has been recorded when it incurred but not yet paid.
It is shown on the liability side of the balance sheet as a current liability because it makes obligation for the company to pay its expenses.
It helps in showing the true and fair view of the financial statements .
It requires more journal entries to record than simple cash balance accounting.
It increases both expense and liabilities as unpaid bills get accumulated.
To know more about accrued expense:
https://brainly.com/question/28659299
#SPJ1
The lowest payment does not necessarily mean the best credit plan. If your car loan is a long period of time, you may end up owing more than the car is worth, which is called.
The lowest payment does not necessarily mean the best credit plan. If your car loan is a long period of time, you may end up owing more than the car is worth, which is called Negative Equity.
When the value of an item used as collateral for a loan is lower than the loan's outstanding balance, there is a deficit in owner equity known as negative equity.
When a real estate property's worth is lower than the balance still owed on the mortgage used to buy it, negative equity is created. Simply deducting the balance of the mortgage from the property's current market value yields the amount of negative equity.
You have negative equity if you owe more on your current auto loan than the car is worth. In other words, you couldn't get the amount you owe on your car if you tried to sell it.
Learn more about Negative Equity here:
https://brainly.com/question/15049973
#SPJ9
brushes and co. produces toothbrushes and is considering adding a new production line with newer technology. this process is consistent with decisions because . group of answer choices long-run production, capital is being changed short-run production, capital is being changed. long-run production, raw materials are being changed. short-run production, raw materials are being changed.
brushes and co. produces toothbrushes and is considering adding a new production line with newer technology. this process is consistent with decisions because long-run production, capital is being changed.
What is capital?This is the term that is used to describe the amount of money that a person would have put into a business. The capital has to do with the financial aspect and all of the machineries that would be used in the production process.
What is the long run production?At a period of time when all of the factors that are used in the production of goods and services would fluctuate, the long run production is one that is known to happen.
This is what happens despite the factors that businesses would have to incorporate in order to be able to achieve the goods and the services that they produce.
Read more on capital here: https://brainly.com/question/1957305
#SPJ1