Which of the Following Prefixes Is Matched with the Correct

question 54

Multiple Choice

Which of the following prefixes is matched with the correct definition?

• A)mono-: single
• B)multi-: twice
• C)a-: with
• D)hemi-: whole

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Definitions:

Short Run

The period of time during which at least one input, such as plant size, is fixed and cannot be changed.

Long Run

A period in economics where all factors of production and costs are variable, allowing companies to adjust all inputs and operations to market demands.

Fixed Resource

A resource or asset in production whose quantity cannot easily be increased or decreased in the short term.

Short Run

in economics, refers to a period during which at least one input, such as plant size, is fixed and cannot be changed.