In the short run all production costs are either fixed or variable in amount.

Name: In the short run all production costs are either fixed or variable in amount.
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In the short run, production costs are categorized as either fixed costs, which do not change with the level of output (e.g., rent, salaries), or variable costs, which vary directly with the level of production (e.g., materials, labor).

In the Short Run All Production Costs Are Either Fixed