In the long run,
A) all of a firm's resources are variable.
B) new technology cannot be introduced.
C) at least one of the firm's resources is fixed.
D) most of the firm's resources cannot be varied.
E) none of the firm's resources is variable.

Question

Quizplus · Accepted Answer

In the long run, all of a firm's resources are considered variable, allowing the firm to adjust all inputs and adopt new technologies or scale operations as needed.

In the Long Run