How long is the short run?
A) any period of time less than one month
B) the time frame in which all resources are fixed
C) the time frame in which some resources are fixed
D) any period of time less than one year

Question

Quizplus · Accepted Answer

The short run is the time frame in which some resources are fixed, meaning that some resources cannot be easily adjusted or changed. This can vary depending on the industry and situation, but typically it is considered to be a period of time ranging from six months to two years. Option A and D are not precise enough, and option B is incorrect as it implies that all resources are fixed in the short run.

How Long Is the Short Run