The short run can be defined as the period of time during which

ECONOMICS
JAMB 2023

The short run can be defined as the period of time during which

  • A. All inputs are fixed
  • B. At least one of the firm's input is fixed
  • C. At least two inputs are fixed
  • D. All inputs are variable

Correct Answer: B. At least one of the firm's input is fixed



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