The Long Run Is a Period of Time in Which

question 229

Multiple Choice

The long run is a period of time in which

• A) all factors of production are variable.
• B) all factors of production are fixed.
• C) some but not all factors of production are fixed.
• D) some but not all factors of production are variable.

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Definitions:

Anus

Lower opening of the digestive tract through which fecal matter is extruded.

Mesoderm

During the early stages of embryonic development, the central layer that eventually develops into the body's muscles, bones, and blood circulation system.

Ectoderm

The outermost layer of embryonic cells, which develops into the nervous system, skin, and hair.

Epidermis

The outermost layer of skin that serves as a protective barrier against the environment.