3) The short run is a period of time in which A) nothing the firm does can be altered. B) the amount of output is fixed. C) prices and wages are fixed. D) the quantity of at least one factor of production is fixed.
3) The short run is a period of time in which A) nothing the firm does can be altered. B) the amount of output is fixed. C) prices and wages are fixed. D) the quantity of at least one factor of production is fixed.
Chapter8: Production And Costs
Section8.3: Production
Problem 1ST
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3) The short run is a period of time in which
A) nothing the firm does can be altered.
B) the amount of output is fixed.
C) prices and wages are fixed.
D) the quantity of at least one factor of production is fixed.
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