Question

In the long run all costs of production are .............. *
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Answer 1

Explanation:

Long run costs are accumulated when firms change production levels over time in response to expected economic profits or losses. In the long run there are no fixed factors of production. The land, labor, capital goods, and entrepreneurship all vary to reach the the long run cost of producing a good or service.

Answer 2

Answer:

in the long run all costs of production are variable

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