Which of the Following Is True in the Long-Run

question 26

Multiple Choice

Which of the following is true in the long-run?

• A)A firm can vary all the inputs used in production.
• B)A firm can vary only one of the inputs used in production.
• C)All inputs used in production are fixed in the long-run.
• D)The level of output produced cannot be varied.
• E)In the long-run the marginal cost of production is zero.

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Definitions:

Sweater

A knitted garment typically with long sleeves, worn over the upper body.

Explanandum

The phenomenon or event that is being explained in a scientific theory or investigation.

Explanation

Providing information or reasons to make something clear or understandable, often answering "why" or "how" questions.

Office Building

A structure designed primarily for occupancy by one or more organizations for the purpose of conducting business or administrative services.