A period of time in which the quantity of all factors of production used by a firm can be varied is called the
A) market period.
B) variable run.
C) short run.
D) long run.

Name: A period of time in which the quantity of all factors of production used by a firm can be varied is called the A) market period. B) variable run. C) short run. D) long run.
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Question

Quizplus · Accepted Answer

The long run is a period in which all factors of production can be varied by the firm, unlike the short run where at least one factor is fixed.

A Period of Time in Which the Quantity of All