In the short run,
A)all inputs are fixed.
B)all inputs are variable.
C)some inputs are fixed.
D)no production occurs.

Question

Quizplus · Accepted Answer

In the short run, some inputs are fixed, while some inputs are variable. Fixed inputs are those that cannot be changed easily, such as capital equipment, buildings, and land, while variable inputs are those that can be changed quickly, such as labor and raw materials. Therefore, the best choice is C, as it correctly identifies that only some inputs are fixed in the short run.

In the Short Run