In the Long Run

question 54

Multiple Choice

In the long run,

• A)most of the firm's resources cannot be varied.
• B)none of the firm's resources are variable.
• C)new technology cannot be introduced.
• D)all of a firm's resources are variable.
• E)at least one of the firm's resources is fixed.

---

Definitions:

Convergent Thinking

A problem-solving technique involving the ability to give the "correct" answer to standard questions that do not require significant creativity.

Divergent Thinking

A thought process or method used to generate creative ideas by exploring many possible solutions.

Right Answer

The correct solution or response to a question or problem.

Fluid Intelligence

The ability to think logically and solve problems in novel situations, independent of acquired knowledge.