The Main Difference Between the Short Run and the Long

question 87

Multiple Choice

The main difference between the short run and the long run is that

• A)firms earn losses in the long run, but not in the short run.
• B)the long run always refers to a time period of one year or longer.
• C)in the long run, only one input can be fixed.
• D)in the short run, one or more inputs are fixed.

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Definitions:

Work-Related Conversations

Discussions or dialogues among employees or between employees and employers that focus on tasks, projects, or issues directly associated with their employment.

Social Media

Platforms and websites enabling users to create and share content or participate in social networking.

Summary Plan Description

A document provided by plan administrators that clearly explains the benefits, rights, and obligations under a retirement or health plan.

Employee Retirement Income Security Act

A federal law that sets minimum standards for pension plans in private industry and provides for extensive rules on the federal income tax effects of transactions associated with employee benefit plans.