In the short run,
A)utilization of any input can be varied
B)production takes less than one year
C)all resources are limited in supply
D)utilization of some inputs is assumed constant
E)equilibrium cannot occur

Question

Quizplus · Accepted Answer

In the short run, some inputs are assumed to have a fixed or constant level of utilization, while others can be varied. This is because some inputs, such as buildings or machinery, cannot be easily adjusted in the short run. Therefore, choice D - utilization of some inputs is assumed constant - is the best answer.

In the Short Run