answer the question The short run is OA less than one year OB. a period of time

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The short run is OA less than one year OB. a period of time in which all inputs can be varied. oc a period of time in which no inputs can be varied. OD. a period of time during which some inputs can be varied and some cannot. Quiz: Homework 3 This Question 1 pt This Test: 13 pts What is the long run? OA An amount of time needed for a firm to build a new production plant. OB. An amount of time needed to make all production inputs v ariable OC. A period of time longer than three years OD. A period of time longer than five years.

Explanation / Answer

1)C 2)B 3)C 4)B 5)B 6)D 7)B

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