The short run is a time frame in which
A) the quantities of some factors of production are fixed and the quantities of other factors of production can be varied.
B) the quantities of all factors of production can be varied.
C) the quantities of all factors of production are fixed.
D) all costs are sunk costs.

Question

Quizplus · Accepted Answer

In the short run, some factors of production are fixed, such as capital, while others, like labor, can be varied to change the level of output.

The Short Run Is a Time Frame in Which