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

Economics

JAMB 2023

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

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Correct Answer: Option B

Explanation

A short run period is a period of time in which some input factors are fixed and some are variable. In the short run, it is impossible for the producer to vary the quantity of some inputs.

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

Correct Answer: Option B

Explanation

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