In the long run, a firm can vary
A) its capital but not its labor.
B) its labor but not its capital.
C) both its labor and its capital.
D) neither its labor nor its capital.

Name: In the long run, a firm can vary A) its capital but not its labor. B) its labor but not its capital. C) both its labor and its capital. D) neither its labor nor its capital.
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Question

Quizplus · Accepted Answer

In the long run, a firm can adjust all of its inputs, including both labor and capital, to optimize production and costs.

In the Long Run, a Firm Can Vary