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The long run is best defined as a time period )during which prices of other goods change. that is longer than one year. during which all inputs can be varied. during which at least one input cannot be changed. Incorrect One thing that distinguishes the short run and the long run is explicit costs. the existence of variable costs. ) the number of months considered. the existence of at least one fixed input. Incorrect

The long run is best defined as a time period )during which prices of other goods change. that is longer than one year. during which all inputs can be varied. during which at least one input cannot be changed. Incorrect One thing that distinguishes the short run and the long run is explicit costs. the existence of variable costs. ) the number of months considered. the existence of at least one fixed input. Incorrect

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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O Assignment Score: O Resources Lx Give Up? E Feedback 87.8% Resume Question 22 of 24 O Attempt 1 The long run is best defined as a time period during which prices of other goods change. that is longer than one year. during which all inputs can be varied. O during which at least one input cannot be changed. Incorrect One thing that distinguishes the short run and the long run is explicit costs. the existence of variable costs. the number of months considered. O the existence of at least one fixed input. Incorrect O O
Transcribed Image Text:O Assignment Score: O Resources Lx Give Up? E Feedback 87.8% Resume Question 22 of 24 O Attempt 1 The long run is best defined as a time period during which prices of other goods change. that is longer than one year. during which all inputs can be varied. O during which at least one input cannot be changed. Incorrect One thing that distinguishes the short run and the long run is explicit costs. the existence of variable costs. the number of months considered. O the existence of at least one fixed input. Incorrect O O
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