Which of the Following Statements Is Correct

question 232

Multiple Choice

Which of the following statements is correct?

• A) A firm does not need to take into account its sunk cost when making current decisions.
• B) Long-run decisions are easily reversed.
• C) Short-run decisions are not easily reversed.
• D) In the long run, a firm can change its plant but not the quantity of its labor.

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Definitions:

Foreign Material

Substances or objects not naturally present or expected to be in a particular location, which can cause harm or infection if introduced into the body.

Blood Vessels

Tubular structures carrying blood throughout the body, including arteries, veins, and capillaries.

Collar Bone

The clavicle, a long bone that serves as a strut between the shoulder blade and the sternum or breastbone, part of the human skeletal system.

Clavicle

The collar bone, articulating with the sternum and scapula.