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An example of a long-run cost of a firm is

Economics
JAMB 2005

An example of a long-run cost of a firm is

  • A. fuel and maintenace cost
  • B. the planned size of plant equipment
  • C. the existing size of plant and equipment
  • D. rent on buildings
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Correct Answer: Option A
Explanation

Long-run costs are costs that change from time to time. From the above options, expenses on fuel and maintenance are variable cost

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