To an economist, for a firm to be operating in the short run,
A) all inputs are variable.
B) no more than one input can be fixed.
C) all inputs are fixed.
D) it must operate with its existing plant and equipment.
E) at least one input is fixed.

Question

Quizplus · Accepted Answer

In the short run, a firm is not able to change all of its inputs, so at least one input must be fixed while the others are variable. Therefore, option E is the correct choice.

To an Economist, for a Firm to Be Operating in the Short