Which of the Following Inputs Are Variable in the Long

question 94

Multiple Choice

Which of the following inputs are variable in the long run?

• A) Labor
• B) Capital and equipment
• C) Plant size
• D) all of these

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Definitions:

Interquartile Range

The difference between the 75th and 25th percentiles of a data set, representing the middle 50% of values.

Range

The difference between the highest and lowest values in a data set, giving a measure of the data’s dispersion.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are from the mean.

Variance

A measure of variability that quantifies the spread of a set of data points or the dispersion of a distribution around its mean.