The Below Figure Shows the Various Combinations of the Goods

question 84

Multiple Choice

The below figure shows the various combinations of the goods X and Y that yield different levels of utility.Figure 7.3

-Short run refers to a period of time during which:

• A)all the factors are constant.
• B)all the factors are variable.
• C)the producer can shift from one plant size to another.
• D)some factors are fixed while some others are variable.
• E)the producer cannot change the level of output.

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