The short run is the time frame
A) during which the quantities of all resources are fixed.
B) that is less than a year.
C) during which the quantities of some resources are fixed.
D) during which the quantities of all resources are variable.
E) during which all costs are implicit costs.

Question

Quizplus · Accepted Answer

In the short run, some resources (usually capital) are fixed, while others (usually labor) are variable. This means that a firm can only adjust its output level to a certain extent, based on its existing level of fixed resources.

The Short Run Is the Time Frame