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.

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Definitions:

Rehabilitation Act

U.S. legislation that prohibits discrimination on the basis of disability in programs conducted by Federal agencies or receiving federal financial assistance.

Discrimination

Unfair or prejudicial treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation.

Handicapped

Refers to individuals with physical or mental impairments that substantially limit one or more major life activities.

Workers' Compensation

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment.