In the long runall inputs are variable.all inputs are fixed.some inputs are variable and others are fixed.a firm will go out of business.O firms increase in size.

The long run is a concept in which there is equilibrium in all the markets and prices and quantities…

Answered: In the long run * O all inputs are…

In the long run * O all inputs are variable. O all inputs are fixed. O some inputs are variable and others are fixed. O a firm will go out of business. O firms increase in size.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 4P

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Question

In the long run
all inputs are variable.
all inputs are fixed.
some inputs are variable and others are fixed.
a firm will go out of business.
O firms increase in size.

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