In the Short Run, the Primary Determinant of Output of Firms

question 55

Multiple Choice

In the short run, the primary determinant of output of firms is the:

• A) level of demand.
• B) future price.
• C) availability of inputs.
• D) level of prices.

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Definitions:

Penicillin

A group of antibiotics derived from Penicillium fungi, effective against many bacterial infections.

Romeo And Juliet

A tragedy written by William Shakespeare about two young star-crossed lovers whose deaths ultimately reconcile their feuding families.

Exiled

The state of being barred from one's native country, typically for political or punitive reasons.

Potion

A liquid with magical properties, often used in fantasy literature and games to heal, harm, or cast spells.