Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4. Which statement about time horizon in economics is correct ____? A. In the short-run, we have only variable inputs. B. In the long-run, every
4. Which statement about time horizon in economics is correct ____?
A. In the short-run, we have only variable inputs.
B. In the long-run, every input is variable.
C. In the short-run, we usually mean the horizon is less than one year.
D. In the long-run, producers are not able to exit the market freely.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started