The short run is the time period during which
A) all of the firm's costs are fixed.
B) the value of the firm's assets starts to decay.
C) the firm can adjust all inputs freely.
D) some of the firm's input decisions are constrained by previous commitments.

Question

Quizplus · Accepted Answer

In the short run, some inputs are fixed due to previous commitments, meaning not all inputs can be adjusted freely.

The Short Run Is the Time Period During Which