The long run for a business is a period of time
A) longer than a year.
B) when most inputs are variable.
C) when all inputs can change.
D) when labor is the only input used by the business.
Answer: C
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If net taxes were lowered from $5,000 to $1,000 . the marginal propensity to consume is 0.75, and autonomous consumption spending is $10,000 . by how much would consumption increase?
a. $3,000 b. $1,250 c. $7,500 d. $3,750 e. $750
Net domestic product is usually preferred to GDP by economists because net national product
A. includes depreciation. B. excludes depreciation. C. includes indirect business taxes. D. excludes indirect business taxes.
Are foreign exchange market interventions the only tool available to a central bank to change the exchange rate? Explain.
What will be an ideal response?
Pure public goods involve positive externalities.
A. True B. False C. Uncertain