Figure 7.4.1 -Refer to Figure 7.4.1 Above. an Increase in Production, from Production

question 51

Multiple Choice

Figure 7.4.1
-Refer to Figure 7.4.1 above. An increase in production, from q₁ to q₂:

• A) is more costly in the short run than in the long run.
• B) uses more capital in the short run.
• C) uses less inputs in the long run.
• D) costs the same in the short run or in the long run.