Which of the Following Statements Is True in the Short

question 12

Multiple Choice

Which of the following statements is true in the short run?

• A) Only some of a firm's input can be varied.
• B) All firms earn zero economic profits.
• C) All factors of production can be changed.
• D) All factors of production are fixed.

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Definitions:

Chitin

Nitrogen-containing polysaccharide that composes fungal cell walls and arthropod exoskeletons.

Strengthens

Refers to making something stronger or more effective.

Structure

The arrangement or organization of parts to form a complex entity, observable in architecture, molecules, and living organisms.

Organic Molecules

Chemical compounds of carbon, often containing hydrogen, oxygen, nitrogen, and other elements, which are found in or produced by living organisms.