The short run is a time period that is
A) equal to a day.
B) too short to change the amount of labor hired.
C) too short to change the size of the firm's plant.
D) long enough to change the size of the firm's plant.
E) too short to change the amount of any resource the firm employs.

Question

Quizplus · Accepted Answer

The short run is a time period in which the firm is not able to change its plant size. This means that choices A, B, D, and E are not correct options, as they do not accurately describe the constraints of the short-run period.

The Short Run Is a Time Period That Is