The long run is a planning period:
A) over which a firm can consider all inputs as variable.
B) that is at least 5 years in length.
C) that must be over 6 months in length.
D) that must be between 6 months and 5 years.
Correct Answer:
Verified
Q7: The total product curve:
A) shows the relation
Q8: A fixed input is one:
A) that exists
Q10: In economics,the short run is:
A)less than 1
Q13: (Figure: The Marginal Product of Labor) Look
Q14: An input whose quantity can be changed
Q16: An input whose quantity cannot be changed
Q18: Diminishing returns to an input occur:
A)when all
Q19: The idea of diminishing returns to an
Q21: Figure: The Total Product
(Figure: The Total Product)
Q22: Figure: The Total Product 
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents