Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The long-run is a. a time period in which all input levels are fixed. b. one year. c. a time period in which at least

The long-run is

a.

a time period in which all input levels are fixed.

b.

one year.

c.

a time period in which at least one input level is fixed.

d.

a time period in which no input levels are fixed.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics

Authors: John Sloman, Jon Guest, Dean Garratt

10th edition

1292187859, 9781292187907 , 978-1292187853

More Books

Students also viewed these Economics questions

Question

1. I try to create an image of the message

Answered: 1 week ago

Question

4. What is the goal of the others in the network?

Answered: 1 week ago