The Long Run Is Defined as

question 64

Multiple Choice

The long run is defined as

• A)one year or more.
• B)a period in which all factors of production are variable.
• C)the period of time between annual accounting reports.
• D)a period in which at least one factor of production is fixed.

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Definitions:

Obsession

An uncontrollable and persistent thought, idea, or feeling that dominates a person's mind.

Ritual

A set of fixed actions and sometimes words performed regularly, especially as part of a ceremony.

Ailment

A condition negatively affecting someone's health, typically minor or chronic.

Unfounded Belief

An unfounded belief is an assumption or conviction held without evidence or basis in fact.