In the long run:
A)all inputs are fixed.
B)inputs are neither variable nor fixed.
C)at least one input is variable and one input is fixed.
D)all inputs are variable.

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 and market conditions. This contrasts with the short run, where at least one input is fixed.

In the Long Run