The short run is a period of time in which
A) the quantity used of at least one factor of production is fixed.
B) the quantities used of all factors of production are fixed.
C) output prices are fixed.
D) factor of production prices are fixed.

Question

Quizplus · Accepted Answer

In the short run, at least one factor of production is fixed, while others can be varied to change the level of output.

The Short Run Is a Period of Time in Which