Which of the following is true about the short run?
A) Some inputs are fixed.
B) It is less than one year.
C) It is one to two years.
D) All inputs are variable.

Question

Quizplus · Accepted Answer

In the short run, some inputs are fixed, meaning they cannot be easily varied to adjust to changes in output. This is contrasted with the long run, in which all inputs are variable and can be adjusted as needed to achieve optimal output levels. Additionally, the length of the short run can vary depending on the industry and specific circumstances, but it is generally considered to be less than one year. Therefore, choice A is the only true statement about the short run.

Which of the Following Is True About the Short Run