In the long run,
A) some resources are fixed.
B) all resources are variable.
C) output cannot be varied.
D) all resources are fixed.
E) Both answers B and C are correct.

Name: In the long run, A) some resources are fixed. B) all resources are variable. C) output cannot be varied. D) all resources are fixed. E) Both answers B and C are correct.
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Question

Quizplus · Accepted Answer

In the long run, all resources are considered variable, allowing firms to adjust all inputs to change the level of output.

In the Long Run