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In economics, "the long-run" is referred to as a period in which the amounts of capital are variable. a period in which the amounts of all factors of production can be changed. a period in which the amounts of labour are fixed. a period in which the amounts of all factors of production are fixed.

In economics, "the long-run" is referred to as a period in which the amounts of capital are variable. a period in which the amounts of all factors of production can be changed. a period in which the amounts of labour are fixed. a period in which the amounts of all factors of production are fixed.

Microeconomics: Private and Public Choice (MindTap Course List)
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Costs And The Supply Of Goods
Section: Chapter Questions
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In economics, "the long-run" is referred to as a period in which the amounts of capital are variable. a period in which the amounts of all factors of production can be changed. a period in which the amounts of labour are fixed. a period in which the amounts of all factors of production are fixed.
Transcribed Image Text:In economics, "the long-run" is referred to as a period in which the amounts of capital are variable. a period in which the amounts of all factors of production can be changed. a period in which the amounts of labour are fixed. a period in which the amounts of all factors of production are fixed.
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