The short run
A) is less than one year.
B) requires that at least one resource be fixed.
C) requires that all resources be fixed.
D) is just long enough to permit entry and exit.
E) requires that all resources be variable.

Question

Quizplus · Accepted Answer

The short run in economics is a period during which at least one resource (e.g., capital, labor) is fixed, meaning it cannot be adjusted. This contrasts with the long run, where all resources can be adjusted.

The Short Run