5 May 2018

17) The short run is a time frame in which A) at least one factor of production is fixed. B) the amount of output produced is fixed. C) the firm is not able to hire more workers. D) there is a shortage of most factors of production E) there is not enough time to make all of the decisions necessary to maximize profit.

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Irving Heathcote
Irving HeathcoteLv2
7 May 2018

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