The Short Run Is a Period of Time in Which

question 381

Multiple Choice

The short run is a period of time in which

• A) the quantity used of at least one factor of production is fixed.
• B) the quantities used of all factors of production are fixed.
• C) output prices are fixed.
• D) factor of production prices are fixed.

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Definitions:

Prematurely

Happening before the normal or expected time.

Fetus

A developing mammal or human from the embryonic stage to birth, after major structures have been outlined.

Uterus

A female reproductive organ where a fertilized egg implants and grows during pregnancy.

Pregnancy

The condition in which a female carries developing offspring within her body following fertilization.