Fixed costs are associated with
A)highly adjustable inputs such as labor.
B)both the short run and the long run.
C)the short run only.
D)the long run only.

Name: Fixed costs are associated with A)highly adjustable inputs such as labor. B)both the short run and the long run. C)the short run only. D)the long run only.
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Question

Quizplus · Accepted Answer

Fixed costs are associated with the short run only, as they do not change with the level of output in the short run. In the long run, all costs become variable.

Fixed Costs Are Associated with