To economists the main difference between the short run and the long run is that: in...
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To economists the main difference between the short run and the long run is that: in the short run all costs are fixed, while in the long run only some costs are fixed. in the long run all resources are variable, while in the short run at least one resource is fixed. in the short run all resources are fixed, while in the long run only some resources are fixed. there is no difference between the short run and the long run. To economists the main difference between the short run and the long run is that: in the short run all costs are fixed, while in the long run only some costs are fixed. in the long run all resources are variable, while in the short run at least one resource is fixed. in the short run all resources are fixed, while in the long run only some resources are fixed. there is no difference between the short run and the long run.
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The detailed answer for the above question is provided below Answer C In the short run all resources ... View the full answer
Related Book For
Managerial Economics A Problem Solving Approach
ISBN: 978-1133951483
3rd edition
Authors: Luke M. Froeb, Brian T. McCann, Mikhael Shor, Michael R. War
Posted Date:
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