When a firm is making decisions about the use of fixed and variable resources, it is
A) focusing on the short run.
B) focusing on the long run.
C) focusing on the very long run.
D) focusing on the period in which no changes can be made.
E) most likely contemplating a change in its size.

Question

Quizplus · Accepted Answer

In the short run, a firm makes decisions about the use of fixed and variable resources because some resources are fixed and cannot be changed immediately.

When a Firm Is Making Decisions About the Use of Fixed