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:

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set.

Price-Earnings Ratio

A valuation ratio of a company's current share price compared to its per-share earnings.

Common Shares

Equity securities that represent ownership in a company, giving shareholders voting rights and a share in the company's profits through dividends.

Non-GAAP Measures

Financial metrics not conforming to Generally Accepted Accounting Principles, often used by management to provide additional insight into the company's performance or financial position.