Which of the Following Is True of the Long Run

Multiple Choice

Which of the following is true of the long run?

A) The average fixed cost is higher in the long run than in the short run.
B) All inputs costs are variable in the long run.
C) The firm produces at a higher cost in the long run than in the short run.
D) All inputs to production are kept fixed in the long run.
E) Answers the average fixed cost is higher in the long run than in the short run and all inputs costs are variable in the long run are both correct.