In describing a given production technology, the short-run is best described as lasting :
A. upto six months from now
B. upto five years from now
C. as long as all inputs are fixed
D. as long as at least one input is fixed
Answer:D
In describing a given production technology, the short-run is best described as lasting :
A. upto six months from now B. upto five years from now C. as long as all inputs are fixed D. as long as at least one input is fixed