In the long run, A. inputs that were variable in the short run become fixed. B...

Question

Question

In the long run,

A. inputs that were variable in the short run become fixed.

B inputs that were fixed in the short run remain fixed.

C variable inputs are rarely used.

D inputs that were fixed in the short run become variable.

Answer 1

Answer #1

Answer 2

Similar Homework Help Questions

could you let me know with the jewelry industry or diamond industry of a short-run fixed cost that becomes variable in the long run? How long does it take for this short-run fixed cost to become varia...

could you let me know with the jewelry industry or diamond industry of a short-run fixed cost that becomes variable in the long run? How long does it take for this short-run fixed cost to become variable? Can you think of a cost for the firm that is always fixed, even into the indefinite future?
Fixed costs exist only in the: Multiple Choice A. long run when some inputs are fixed....

Fixed costs exist only in the: Multiple Choice A. long run when some inputs are fixed. B. long run when all inputs are fixed. C. short run when some inputs are fixed. D. short run when all inputs are fixed.
In the short run: options: 1) all inputs are fixed. 2) all inputs are variable. 3)...

In the short run: options: 1) all inputs are fixed. 2) all inputs are variable. 3) some inputs are fixed and some inputs are variable. 4) the quantity of output is fixed.

Which of the following statements is true? a. In the short run all inputs are fixed....

Which of the following statements is true? a. In the short run all inputs are fixed. b. In the long run a firm is making the optimal input choice when the marginal products per dollar are equal among all inputs. C. Diminishing returns to labor means that adding one more worker will decrease output. d. All the above
What is the distinction between the economic short run and the economic long run? A. In...

What is the distinction between the economic short run and the economic long run? A. In the short run, the firm incurs only explicit costs, but in the long run, the firm incurs explicit and implicit costs. OB. In the short run, the firm can vary all inputs, but in the long run, at least one input is fixed. O c. In the short run, the firm incurs only variable costs, but in the long run, the firm incurs fixed...
25. Which of the following inputs is most likely to be "fixed" in the short run?...

25. Which of the following inputs is most likely to be "fixed" in the short run? a) Labor b) Capital c) Energy d) Raw material 26. Assume a factory that currently employs 25 workers is considering adding another 5 workers to its payroll. Economists would classify this as a) A short-run decision b) A long-run decision c)Neither a short-run nor long-un decision d)Both a short-run and a long-run decision 27. Which of the following is true of the typical relationship...

Which of the following statements is TRUE? a. A firm plans in the short run and...

Which of the following statements is TRUE? a. A firm plans in the short run and operates in the long run. b. In the long run a firm can change all but one input. c. In the long run all inputs are variable. d. In the short run all inputs are fixed.
Identify the correct answer, the short run is a period of time wherein A. ‌Fixed as...

Identify the correct answer, the short run is a period of time wherein A. ‌Fixed as well as variable factors remain constant B. ‌Variable factors as well and fixed factors vary C. ‌Variable factors can be varied while fixed factors remain constant D. ‌Fixed factors can be varied while variable factors remain constant
Describe the short-run aggregate supply (SRAS) curve and the long-run aggregate supply (LRAS) curve. A. the...

Describe the short-run aggregate supply (SRAS) curve and the long-run aggregate supply (LRAS) curve. A. the SRAS curve is horizontal and the LRAS curve is upward sloping B. the SRAS curve is horizontal and the LRAS curve is vertical C. the SRAS curve is vertical and the LRAS curve is horizontal D. the SRAS curve is vertical and the LRAS curve is upward sloping Why is the short-run aggregate supply curve horizontal? A. because output is fixed in the short...

1. The long run is a period that is: A. long enough to vary the quantities...

1. The long run is a period that is: A. long enough to vary the quantities of all factors of production. B. long enough to vary all factors of production except for the amount of capital available. C. at least one year. D. more than one month. 2. In the long run: A. the firm has time to change the level of all inputs. B. all inputs are more expensive. C. inputs are neither variable nor fixed. D. at least...