In the long run
A)all inputs are fixed.
B)only capital inputs are fixed.
C)all intermediate goods are fixed.
D)all inputs are variable.

Name: In the long run A)all inputs are fixed. B)only capital inputs are fixed. C)all intermediate goods are fixed. D)all inputs are variable.
Brand: Quizplus
Rating: 4.9 (31 reviews)

Question

Quizplus · Accepted Answer

In the long run, all inputs are considered variable, allowing firms to adjust all factors of production according to their needs. This contrasts with the short run, where at least one input is fixed.

In the Long Run