A Characteristic of the Long Run Is

question 216

Multiple Choice

A characteristic of the long run is

• A)there are fixed inputs.
• B)all inputs can be varied.
• C)plant capacity cannot be increased or decreased.
• D)there are both fixed and variable inputs

---

Definitions:

Salvage Value

The predicted value at which an asset can be sold after its useful life concludes.

Working Capital

The difference between a company's current assets and current liabilities, reflecting its short-term financial health and operational efficiency.

Net Present Value

A calculation that compares the present value of cash inflows with the present value of cash outflows over a period of time.

Working Capital

The difference between a company's current assets and current liabilities, indicating its ability to meet short-term obligations.