The Duration of the Short Run Varies by Industry Because

question 68

Multiple Choice

The duration of the short run varies by industry because _____.

• A)the total labor demand varies by industry
• B)some inputs cost more in some industries
• C)the technology used in production is not the same in all industries
• D)the time required to change a variable input differs by industry

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Definitions:

Real Number Line

A line that represents all real numbers in a continuous sequence, with positive numbers to the right of zero and negative numbers to the left.

Real Line

A one-dimensional space consisting of all the real numbers, visualized as a straight line where each point corresponds to a unique real number.

Inequality

A mathematical statement that shows the relationship between two expressions that are not equal, using symbols such as <, >, ≤, or ≥.

Real Line

The real line refers to a one-dimensional space where every point represents a real number, stretching infinitely in both positive and negative directions.