The short run is best defined as:
A)one year or less.
B)a period of time sufficiently short that all factors of production are variable.
C)the period of time between quarterly accounting reports.
D)a period of time sufficiently short that at least one factor of production is fixed.

Question

Quizplus · Accepted Answer

The short run is a period of time sufficiently short that at least some of a firm's factors of production are fixed.

The Short Run Is Best Defined As