Economy, asked by AayuRaj6352, 7 hours ago

' All costs are variable in the long run. ' Explain.​

Answers

Answered by suniltravelsblr
0

Answer:

The long-run is a period of time in which all factors of production and costs are variable. In the long run, firms are able to adjust all costs, whereas, in the short run, firms are only able to influence prices through adjustments made to production levels

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