The Difference Between Long-Term and Short-Term Profit Maximization Is That

question 34

Multiple Choice

The difference between long-term and short-term profit maximization is that in the short term,

• A) businesses focus on achieving as much profit as they can, given that fixed costs cannot be changed.
• B) businesses focus on achieving as much profit as they can, given that they can vary all inputs, even to the point of shutting down.
• C) businesses are not able to maximize profits because they can vary all of their inputs, making the calculations too complicated.
• D) businesses focus on achieving as much profit as they can, but in the long term, businesses always eventually shut down.

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