Question: Fixed costs are often defined as fixed over the short run. Does this meant they are not fixed over the long run? Why or why

Fixed costs are often defined as "fixed over the short run." Does this meant they are not fixed over the long run? Why or why not?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Cost Accounting Questions!