The longer the time horizon, the more likely a cost will be variable.

Name: The longer the time horizon, the more likely a cost will be variable.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is because over a longer period of time, there is more opportunity for changes in the market, changes in technology, and changes in consumer preferences, which can all affect the cost of production. This means that costs that may have been fixed in the short term could become variable over a longer time horizon.

The Longer the Time Horizon, the More Likely a Cost