In the long run, a firm has
A) no factors of production that are fixed.
B) no factors of production that are variable.
C) no factors of production that are either fixed or variable.
D) fixed factors of production but no variable resources.
Correct Answer:
Verified
Q11: An example of a variable factor of
Q12: The long run
A) means a long period
Q13: After constructing a new factory, the cost
Q14: A period of time in which the
Q15: A period of time in which the
Q17: When the demand for electricity peaks during
Q18: A cost that has already been made
Q19: In the short run
A) all factors of
Q20: The short run is a period of
Q21: The marginal product of labor is the
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