ExamVeda
Login
Home
This question belongs to Commerce Economics
Economics
?

All inputs can be varied in

Answer & Solution
Correct Answer: Option B
All inputs can be varied in Long run. The long run is defined as a period in which all INPUTS are variable. Because of that all costs are variable too. You're right that in the short run your rent and the cost of the machines you've already bought are fixed costs. But in the long term they aren't.
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.