To an economist, for a firm to be operating in the long run,
A) all inputs are variable.
B) some inputs are fixed
C) only one input can be variable.
D) no more than one input can be fixed.
E) at least one input must be variable.

Question

Quizplus · Accepted Answer

In the long run, all inputs are considered variable, allowing firms to adjust all factors of production according to their needs. This contrasts with the short run, where at least one input is fixed.

To an Economist, for a Firm to Be Operating in the Long