ith regard to economic decision making for firms, the short run is... a. A definite number of months. b. Less than one year. c. A period over which the quantities of all factors of production and technology are variable. d. A period over which the quantities of all factors of production are variable but technology is fixed. e. A period over which the quantity of at least one significant factor of production is fixed. Clear my choice
ith regard to economic decision making for firms, the short run is... a. A definite number of months. b. Less than one year. c. A period over which the quantities of all factors of production and technology are variable. d. A period over which the quantities of all factors of production are variable but technology is fixed. e. A period over which the quantity of at least one significant factor of production is fixed. Clear my choice
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Q64
With regard to economic decision making for firms, the short run is...
a.
A definite number of months.
b.
Less than one year.
c.
A period over which the quantities of all factors of production and technology are variable.
d.
A period over which the quantities of all factors of production are variable but technology is fixed.
e.
A period over which the quantity of at least one significant factor of production is fixed.
Clear my choice
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