Multiple Choice
The long run refers to the period for which:
A) a fixed input exists.
B) all inputs are variable.
C) marginal costs are decreasing.
D) diminishing returns raise marginal cost.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q46: The _ is the increase in output
Q68: Total cost divided by the quantity of
Q162: Use the following to answer questions: <img
Q164: The _ curve shows the quantities of
Q167: Average variable cost equals all of the
Q168: If marginal cost is equal to average
Q169: Use the following to answer questions:<br>Figure: The
Q171: Use the following to answer questions:<br>Figure: Change
Q216: If Marie Marionettes is operating under conditions
Q223: Diminishing returns are one explanation for diseconomies