The short run is a time period that is
A) equal to a day.
B) too short to change the amount of labour hired.
C) too short to change the amount of ANY resource the firm employs.
D) too short to change the size of the firm's plant.
E) long enough to change the size of the firm's plant.

Question

Quizplus · Accepted Answer

The short run is a period of time in which the firm cannot change the size of its plant, so option D is the correct answer. Options A, B, and C are incorrect as they are either too specific or too limiting to fully encompass the concept of the short run. Option E is incorrect as the short run is not long enough to change the firm's plant size.

The Short Run Is a Time Period That Is