In economics,the short run is defined as:
A) less than 1 year.
B) less than 6 months.
C) the period in which some inputs are considered to be fixed in quantity.
D) the period in which some inputs are fixed,but it cannot exceed 1 year.
Correct Answer:
Verified
Q2: Lauren has 11 people working in her
Q3: If two firms are identical in all
Q4: The term diminishing returns refers to a:
A)falling
Q5: The _ curve shows the absolute quantities
Q6: If two firms are identical in all
Q7: Use the following to answer question:
Q8: Use the following to answer question:
Q9: The long run is a planning period:
A)over
Q10: In economics,the short run is:
A)less than 1
Q11: A fixed input is one:
A)that only exists
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