In the long run,fixed costs are
A) sunk.
B) avoidable.
C) larger than in the short run.
D) not included in production decisions.

Name: In the long run,fixed costs are A) sunk. B) avoidable. C) larger than in the short run. D) not included in production decisions.
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Question

Quizplus · Accepted Answer

In the long run, all costs are variable, meaning that fixed costs, such as equipment or lease expenses, can be adjusted or avoided entirely. This contrasts with the short run, where fixed costs cannot be changed.

In the Long Run,fixed Costs Are