Question: which statement is false: - In the long run, all inputs are variable - A fixed cost is a cost that does not vary as
which statement is false:
- In the long run, all inputs are variable
- A fixed cost is a cost that does not vary as quantity produced varies
- All cost are fixed costs in the long run
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
