The long run is a period of time in which
A) all factors of production are variable.
B) all factors of production are fixed.
C) some but not all factors of production are fixed.
D) some but not all factors of production are variable.
Correct Answer:
Verified
Q1: The short run is a period of
Q3: Economists define the short run as a
Q4: An example of a short-run fixed factor
Q5: All the decisions made by people who
Q6: In the short run
A) all factors of
Q7: The short run is a time frame
Q8: The short run is a time frame
Q9: The long run is a time frame
Q10: The short run is a time period
Q11: An example of a variable factor of
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