The short run can be defined as any period of time

Question

Quizplus · Accepted Answer

The short run is a period of time in which some inputs are fixed. This means that at least one input, such as capital or land, cannot be changed in the short run, while other inputs, like labor, can be varied. Option A refers to a specific time frame, but it is not a defining characteristic of the short run. Option C describes the long run, in which all inputs are variable. Option D is not a defining characteristic of the short run.

The Short Run Can Be Defined as Any Period of Time