Question

10. In the long period _____ costs are under the control of the producer

(a) fixed (b) variable

(c) all (d) none​

Answer 1

Answer:

c is the correct one...

please brainliest me...

Answer 2

In the long period (c) all costs are under the control of the producer.

Long run period:

• The term "long run" refers to a time frame during which all cost and production elements are movable.
• A business will eventually look for the production technology that will enable it to produce the necessary level of output for the least amount of money.
• There are both fixed and variable components in the short run, however, there are no fixed factors in the long run, which is the major distinction between long run and short run costs.
• Long-term expectations, contractual wages, and general price levels all completely reflect the state of the economy.
• The length of time in which all input quantities are flexible is known as the long run.

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