In the Long Run

question 241

Multiple Choice

In the long run,

• A) all inputs can be varied.
• B) all inputs are fixed.
• C) some inputs are variable and other inputs are fixed.
• D) output is fixed.
• E) total variable cost cannot be changed.

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Definitions:

Thought Processes

The mental operations involved in the perception, understanding, and reasoning which underlie a person's ability to think and make decisions.

Language-like

Pertaining to structures, sequences, or processes that resemble or mimic aspects of linguistic ability, such as syntax and semantics, without being actual language.

Armadillos

Mammals known for their leathery armor shell and the ability to roll into a ball when threatened.

Human Syntax

The set of principles and processes that govern the structure of sentences in human language.