Which of the Following Is True in the Long Run

question 100

Multiple Choice

Which of the following is true in the long run?

• A) Total cost equals fixed cost.
• B) Total cost is constant.
• C) All costs are variable.
• D) Marginal cost equals zero.
• E) None of the above are true in the long run.

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Definitions:

Ergonomics

The study and design of equipment and workplaces to maximize productivity by reducing operator fatigue and discomfort.

Economy

The system of production, distribution, and consumption of goods and services within a particular area or country.

Job Families

Groups of different jobs that are closely related by similar duties, responsibilities, skills, or job elements.

Similar Duties

Tasks or responsibilities that are very much alike in nature and scope.