Fixed costs in total will NOT change in the short run, but may change in the long run.

Name: Fixed costs in total will NOT change in the short run, but may change in the long run.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Fixed costs, by definition, do not change with changes in output or production in the short run. However, in the long run, a firm can adjust its fixed costs by, for example, changing the size of its operations, relocating to a lower-cost location, or investing in more efficient technology.

Fixed Costs in Total Will NOT Change in the Short