8 of 25 (6 complete) This Test: 25 pts possib What is the difference in the shor

Question

8 of 25 (6 complete) This Test: 25 pts possib What is the difference in the short run and the long run? In the short run, A. all ofthe tim' varable, while in the long r the m sable to vary all its ng uts as well as adopt B. at least oneofthe firm's rputs is fixed, while rthe org run, at least one ofthe frmS rputs is vanable s inputs are technol gy and change the szeofts physeal plant OC. allof the firm's inputs are fxod, while in the long run, the firm O D. at least one of the firm's inputs is fixed, while in the long nun O E. at least one of the firm's inputs is foxed, while in the long is able to vary all its inputs, adopt new technology and change the size of its physical plant the im s abli tb vy all tsinpits, dogotnew lechnology, and cange thesice of ts phyical run, the firm is either able to vary all ts inputs, adopt new technology, or change the size of its physical plant plant Click to select your answer

Explanation / Answer

D) in the short run at least one of the firm's inputs is fixed, while in the long run, the firm is able to vary all its input, adopt new technology, and change the size of its physical plant

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