Economists generally define the short run as being
A) that period of time in which at least one of the firm's inputs, usually plant size, is fixed.
B) that period of time in which all inputs are variable.
C) any period of time less than one year.
D) any period of time less than six months.

Question

Quizplus · Accepted Answer

Economists generally define the short run as being that period of time in which at least one of the firm's inputs, usually plant size, is fixed. This is why choice A is the correct answer. The other choices are incorrect because they do not accurately describe the definition of the short run.

Economists Generally Define the Short Run as Being