In the Long Run

question 51

Multiple Choice

In the long run,

• A)the firm's fixed costs are greater than its fixed costs in the short run.
• B)all of the firm's costs are explicit costs; there are no implicit costs of production.
• C)the firm is more profitable than it is in the short run.
• D)all of the firm's costs are variable costs.

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Definitions:

Palmaris Longus

A muscle of the forearm that is involved in the flexion of the wrist and can be used as a tendon graft site.

Latissimus Dorsi

A broad, flat muscle on the back that helps with movement of the shoulders and arms.

Pectoralis Major

A large muscle in the upper chest that aids in the movement of the shoulder joint, including flexion, rotation, and adduction of the arm.

Coracobrachialis

A muscle in the shoulder that assists in flexing and adducting the arm.