The Long Run Is a Period of

question 151

Multiple Choice

The long run is a period of

• A) at least one year.
• B) sufficient length to allow a firm to expand output by hiring additional workers.
• C) sufficient length to allow a firm to alter its plant size and capacity and all other factors of production.
• D) sufficient length to allow a firm to transform economic losses into economic profits by hiring better workers.

---

Definitions:

Medicinal Plants

Plants that contain substances that can be used for therapeutic purposes or which form the basis for pharmaceuticals used in traditional and modern medicine.

Chimpanzees

A species of great ape that is native to Sub-Saharan Africa, known for their complex social structures and behaviors.

Natural Habitat

The original environment or ecosystem in which a particular species lives and evolves, providing necessary resources for its survival.

Primates

An order of mammals that includes humans, apes, monkeys, and prosimians, characterized by their large brains, forward-facing eyes, and opposable thumbs.