The short run is a period of time
A)equal to or less than six months
B)during which all resources may be varied
C)during which all resources are fixed
D)during which at least one resource is fixed
E)during which at least one resource may be varied

Question

Quizplus · Accepted Answer

In the short run, at least one resource is fixed, while others may be variable. This means that there are some factors, such as land or capital, that cannot be easily altered in the short term, while others, such as labor or raw materials, can be adjusted to meet changes in demand or production levels. Therefore, option D is the correct choice.

The Short Run Is a Period of Time