The long run is a period when
...The long run is a period when
Only the variable factors can be altered
All factors become variable
The firm will cease to exist
Only the fixed factors can be altered
Correct answer is B
The long run is a period of time in which all factors of production and costs are variable. In the long run, firms are able to adjust all costs.
Which of the following does not give a characteristics of money? ...
Among all the determinants of economic growth, the most important one is ...
The demand for labour in an economy is a depiction of ...
A change in supply is best described as a ...
The actual output of an economy is the output ...
A discount house is a market where ...
The losses suffered by a sole proprietor are ...
Since the mid-1980s, the most disturbing development in the industrial sector in Nigeria is ...