Whether a cost is fixed or variable depends on the time horizon. In the long run, all costs are
A)fixed.
B)variable.
C)mixed.
D)step.

Name: Whether a cost is fixed or variable depends on the time horizon. In the long run, all costs are A)fixed. B)variable. C)mixed. D)step.
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Question

Quizplus · Accepted Answer

In the long run, all costs are considered variable because firms have the flexibility to adjust all inputs and resources they use, unlike in the short run where some costs are fixed.

Whether a Cost Is Fixed or Variable Depends on the Time