The production period in which at least one input is fixed in quantity is the
A)production run.
B)long run.
C)short run.
D)planning horizon.

Question

Quizplus · Accepted Answer

In the short run, at least one input is fixed in quantity, whereas in the long run all inputs are variable. Production run refers to the period of time during which a specific product is manufactured. Planning horizon refers to the period of time for which a company plans its business activities and strategies. Therefore, the best choice is C - short run.

The Production Period in Which at Least One Input Is