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goldsheep41Lv1

28 Nov 2020

Economists generally define the short run as being:

a. that period of time in which at least one of the first input usually, plant size is fixed.

b. that period of time in which all inputs are variable.

c. any period of less than one year.

d. any period of fewer than six months.

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manhokwe tawandaLv10

11 Jan 2021

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Economists generally define the short run as being:

A. That period of time in which at least one of the firm's inputs, usually plant size, is fixed.

B. That period of time in which all inputs are variable.

C. Any period of time less than one year.

D. Any period of time less than six months.

blushraccoon42

Which of the following statements best describes the economic short run?

A. It is a period of one year or less.

B. It is a period during which at least one of the firm's inputs is fixed.

C. It is a period during which firms are free to vary all of their inputs.

D. It is a period during which fixed inputs become variable inputs because of depreciation.

bluereindeer374

24. To economists, the main difference between the short run and the long run is that a. the law of decreasing marginal returns applics in the long run but not in the short run. b. in the short run, all inputs are fixed while in the long run all inputs are variable. c. fixed costs are more important to decision making in the long run than they are in the short run. d. in the long run all inputs are variable while in the short run at least one input is fixed. e. a and d.

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Economists generally define the short run as being:

a. that period of time in which at least one of the first input usually, plant size is fixed.

b. that period of time in which all inputs are variable.

c. any period of less than one year.

d. any period of fewer than six months.

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Principles of Economics

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Economists generally define the short run as being: a. that period of time in which at least one of the first input usually, plant size is fixed. b. that period of time in which all inputs are variable. c. any period of less than one year. d. any period of fewer than six months.

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Related textbook solutions

Principles of Economics

Principles of Macroeconomics

Principles of Microeconomics

Related questions

Weekly leaderboard

Economists generally define the short run as being:

a. that period of time in which at least one of the first input usually, plant size is fixed.

b. that period of time in which all inputs are variable.

c. any period of less than one year.

d. any period of fewer than six months.