In economics, the short run is a period of time  A of one year or less. B in which all inputs are variable. C in which all inputs are fixed. D in which the quantity of at least one input is fixed and the quantities of the other inputs can be varied. E in which all inputs are variable but technology is fixed.

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Q: When it comes to the question on how long the short run is (in the context of production and cost),…

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Q: If production increases, what happens to average fixed cost (AFC), does it increase only, decrease…

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Q: If production increases, what happens to average variable cost (AVC), does it increase only,…

A:

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Q: In the short run, Boeing cannot

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Q: Refer to the figure at right. An increase in production from q, to q, A. is more costly in the short…

A: In the short run at least one input is fixed and in long run all inputs are variable.

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