🎴 Flashcard Mode
Production and costs - class-XI
Card1 / 53
Mastered0
Review0
QuestionClick to flip
In the long run production function all inputs are fixed.
AnswerClick to flip back
A
False
💡 Explanation:
In the long run, all inputs are variable. The statement that all inputs are fixed in the long run is incorrect; that condition applies to the very short period or is simply false by definition.