Answered: 26. The period of time when a firm is…

26. The period of time when a firm is able te changeali of innuts, or factors of production, is called the: a Economic term b. Short run c. Accounting term Long run

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 1SCQ: A firm had sales revenue of 1 million last year. It spent 600,000 on labor, 150,000 on capital and...

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26. The period of time when a firm is able te changeali of innuts, or factors of
production, is called the:
a Economic term
b. Short run
c. Accounting term
Long run

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