In economics, how long is the long run?O 5 years or moreMore than 12 monthsO 24 months or longerWhatever time it takes a firm to vary all inruts.

Mainly, there are two types of run in economics. 1. Long run 2. Short run

Answered: In economics, how long is the long run?…

In economics, how long is the long run? O 5 years or more O More than 12 months O 24 months or longer Whatever time it takes a firm to vary all inruts.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In economics, how long is the long run?
O 5 years or more
More than 12 months
O 24 months or longer
Whatever time it takes a firm to vary all inruts.

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