Which of these statements is false?
A)There are no fixed costs in the long run.
B)Total costs are equal to total fixed costs plus total variable costs.
C)In the short run, all inputs are fixed inputs.
D)A fixed cost is a cost that does not change as output changes.

Question

Quizplus · Accepted Answer

In the short run, not all inputs are fixed; typically, some inputs are variable. The definition of the short run includes the presence of both fixed and variable inputs, where fixed inputs cannot be changed in the short run, but variable inputs can be adjusted.

Which of These Statements Is False