JAMB - Economics (2023 - No. 5)
The short run can be defined as the period of time during which
All inputs are fixed
At least one of the firm's input is fixed
At least two inputs are fixed
All inputs are variable
توضیح
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.