The period of time over which there is at least one fixed input is the

A) calendar year.
B) long run.
C) short run.
D) market horizon.

C

Economics

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The figure above shows the situation facing Smart Digit, Inc, a firm in monopolistic competition that produces calculators. What is the firm's profit-maximizing price?

A) $12 B) $10 C) $8 D) $4

Economics

A decrease in the dollar price of foreign currency would cause

a. the nation's imports to increase and exports to decline. b. the nation's exports to increase and imports to decline. c. both imports and exports to decline. d. both imports and exports to rise.

Economics