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11 Dec 2019
The basic difference between the short run and the long run is that:
A. The law of diminishing returns applies in the long run but not in the short run
B. All costs are fixed in the short run but all costs are variable in the long run
C. At least one resource is fixed in the short run while all resources are variable in the long run
D. Economies of scale may be present in the short run but not in the long run
The basic difference between the short run and the long run is that:
A. The law of diminishing returns applies in the long run but not in the short run
B. All costs are fixed in the short run but all costs are variable in the long run
C. At least one resource is fixed in the short run while all resources are variable in the long run
D. Economies of scale may be present in the short run but not in the long run
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Chika IlonahLv10
10 Oct 2020
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