Which of the following can a firm do in the long run but not in the short run?

A) decrease the size of its physical plant B) reduce its rate of output by laying off workers
C) increase its use of raw materials D) increase its variable costs

A

Economics

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In the U.S., taxes are paid on one's _____ gains/returns. Therefore, a _____ inflation rate encourages more saving

Fill in the blank(s) with correct word

Economics

The collection and use of data to test economic theories is

A. empirical economics. B. descriptive economics. C. positive economics. D. normative economics.

Economics