The period of time when a firm is able to change all of inputs,or factors of production,is called the:

Name: The period of time when a firm is able to change all of inputs,or factors of production,is called the:
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Question

Quizplus · Accepted Answer

The long run is the period of time in which a firm can change all of its inputs or factors of production. This includes both the fixed and variable inputs. In the short run, at least one input is fixed and cannot be changed. Therefore, the best choice is D, long run.

The Period of Time When a Firm Is Able to Change