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.

---

Definitions:

Shock

A medical condition characterized by a significant reduction in blood flow to body tissues, resulting in cellular damage and organ dysfunction.

Clammy Skin

A condition where the skin feels cold and wet, often as a result of illness, anxiety, or the environment.

Dilated Pupils

A condition where the pupils of the eyes become larger or wider than normal, which can be a reaction to various conditions, light levels, or substances.

Heatstroke

A severe heat-related illness characterized by an elevated body temperature, potentially leading to death if not treated promptly.