When Firms Analyze the Relationship Between Their Level of Production

question 218

Multiple Choice

When firms analyze the relationship between their level of production and their costs, they separate the time period involved into

• A)morning and evening.
• B)6 months or less; 6 months to 1 year; more than 1 year.
• C)a fixed period and a variable period.
• D)the short run and the long run.

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Definitions:

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