In the Long Run Which of the Following Is True

question 46

Multiple Choice

In the long run which of the following is true?

• A)Total cost = fixed cost + variable cost.
• B)The size of a firm's physical plant can be changed but the firm cannot adopt new technology.
• C)There are no fixed costs.
• D)The firm can vary its explicit costs but not its implicit costs.

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Definitions:

Engorgement

The swelling or filling of a body part with blood or fluid, often referring to the breast during breastfeeding.

Penis Erection

The process whereby the penis becomes firm, engorged, and enlarged, typically in response to sexual arousal.

Semen Synthesis

The process by which semen is produced, involving the secretion of fluids from the seminal vesicles, prostate gland, and other glands into the ejaculatory ducts.

Seminal Vesicles

Glands located near the prostate that produce a significant portion of the fluid constituting semen.