The short run is defined as a period in which
A) all inputs are fixed.
B) all inputs are variable.
C) plant size is fixed but labor is variable.
D) labor is fixed but plant size is variable.

Question

Quizplus · Accepted Answer

In the short run, at least one factor of production (typically capital or plant size) is fixed, while others (like labor) can be varied to adjust output. This is why option C is correct, as it accurately describes the short run by stating that plant size is fixed but labor is variable.

The Short Run Is Defined as a Period in Which