One Assumption That Distinguishes Short-Run Cost Analysis from Long-Run Cost

question 594

Multiple Choice

One assumption that distinguishes short-run cost analysis from long-run cost analysis for a profit-maximizing firm is that in the short run,

• A)output is not variable.
• B)the number of workers used to produce the firm's product is fixed.
• C)the size of the factory is fixed.
• D)there are no fixed costs.

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