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Answer to Question #87003 in Economics for Michael
Question #87003
In economic, "the long run" is referred to as
(1) a period in which the amount of labour are fixed
(2) a period in which the amount of capital are variable
(3) a period in which the amount of all factors of production can be changed
(4) a period in which the amount of all factors of production are fixed
(1) a period in which the amount of labour are fixed
(2) a period in which the amount of capital are variable
(3) a period in which the amount of all factors of production can be changed
(4) a period in which the amount of all factors of production are fixed
Expert's answer
(3) a period in which the amount of all factors of production can be changed
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