The Period of Time Over Which All Inputs Are Variable

question 5

Multiple Choice

The period of time over which all inputs are variable is the

• A)market horizon.
• B)short run.
• C)calendar year.
• D)long run.

---

Definitions:

Remedies

Legal means through which a right is enforced or the violation of a right is prevented, redressed, or compensated.

Defect

A flaw or imperfection in a product or system that causes it to be unsafe, ineffective, or fails to meet specified criteria.

Consigned Goods

Items that are given to a third party (consignee) to sell, where the original owner (consignor) retains ownership until the goods are sold.

Possession

The actual holding or control of property, whether owned or not.