Question: What is the difference between the short run and the long run? Part 2 A . In the short run, a firm can vary all
What is the difference between the short run and the long run?
Part
A
In the short run, a firm can vary all inputs but technology is fixed, while in the long run, a firm can adopt new technology but all inputs are fixed.
B
In the short run, all of a firm's inputs are fixed, while in the long run, a firm is able to vary
all inputsallinputs
but not adopt new technologybutnotadoptnewtechnology
C
In the short run, all of a firm's inputs are fixed, while in the long run, a firm is able to vary all its inputs and adopt new technology.
D
In the short run, at least one of a firm's inputs is fixed, while in the long run, a firm is able to vary all its inputs and adopt new technology.
E
In the short run, a firm can vary all inputs but technology is fixed, while in the long run, a firm can vary all inputs and adopt new technology.
Part
Is the amount of time that separates the short run from the long run the same for every firm?
Yes
No
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