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A house painting firm uses three inputs - labor, painting supplies and a room to store its supplies. The firm hires labor on weekly contracts,

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A house painting firm uses three inputs - labor, painting supplies and a room to store its supplies. The firm hires labor on weekly contracts, it can buy the painting supplies daily, and it has a monthly lease on the storage room. Which of the following time periods would be considered long-run for this firm? 2 weeks 2 months 3 days O 24 hours Question 5 (1 point) Demand curves tend to be more over a longer period of time. O price-inelastic steeply sloped price-elastic inflexible

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