The period of time over which the firm can vary any of its inputs for a given production technology is called the

A) immediate run.
B) very-short run.
C) long run.
D) very-long run.
E) short run.

Ans: D) very-long run.

Economics

You might also like to view...

Explain how it is possible for marginal product to fall while average product is rising?

What will be an ideal response?

Economics

The Greenbackers' demand to back the greenback issues with gold reserves was not practical in the late 1860s

Indicate whether the statement is true or false

Economics