Economists Define the Short Run as a Period of Time

question 186

Multiple Choice

Economists define the short run as a period of time so short that

• A) the amount of output cannot be changed except under diminishing marginal returns.
• B) the amount of output cannot be changed at all.
• C) only one factor of production can be varied.
• D) at least one factor of production cannot be varied.

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Definitions:

Hydrogen Bonding

A type of weak chemical bond that occurs when hydrogen, which is bonded to a more electronegative atom, is attracted to another electronegative atom.

Guanine

One of the four main nucleobases found in the nucleic acids DNA and RNA, characterized by its cytosine pairing.

Cytosine

A pyrimidine nucleobase found in DNA and RNA, where it pairs with guanine.

Deoxycytidine Monophosphate

A nucleotide that is involved in DNA synthesis, where it serves as a precursor in the formation of the DNA polymer.