The long run
A: means a long period of time, always longer than a year.
B: is a period of time in which all factors of production can be varied.
C: is different for different firms.
D: Both answers B and C are correct.
A: means a long period of time, always longer than a year.
B: is a period of time in which all factors of production can be varied.
C: is different for different firms.
D: Both answers B and C are correct.
举一反三
- The medical term for pertaining to time (occurring over a long period of time) is ____.
- Which of the following is wrong about the cardiac cycle? A: the diastolic period is longer than the systolic period B: The atria and ventricles contract at the same time C: The atria and ventricles can relax at the same time D: The length of cardiac cycle is related to heart rate
- In a period of rapid, unexpected inflation, resources can be lost A: when firms invest in research and development instead of forecasting inflation. B: when firms use resources to forecast inflation. C: because rapid inflation almost always turns into a hyperinflation. D: Both answers B and C are correct.
- The short run can be defined as any period of time:
- using cell phones over a long period of time may be harmful.