____ Are the Actions to Which an Object Can Respond

question 58

Multiple Choice

____ are the actions to which an object can respond.

• A)Attributes
• B)Events
• C)Behaviors
• D)Methods

---

Definitions:

Short Run

A period during which at least one input, such as plant size or capital, is fixed and cannot be changed.

Maximum Profit

The highest possible financial gain achievable by a firm from its operations, after all costs have been subtracted from total revenue.

Output

The quantity of goods or services produced within a given time frame by a firm, industry, or country.

Long-Run Supply

The time period in which all factors of production and costs are variable, allowing firms to fully adjust to market conditions.