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10. The Costs of Production
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10. The Costs of Production
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10. The Costs of Production / Revenue, Cost, and Profit / Problem 1
Problem 1
In the context of business decision-making, which of the following statements is true about the long run?
A
All costs become variable in the long run.
B
The size of the factory is fixed in the long run.
C
All costs are fixed in the long run.
D
Salaried employees cannot be fired in the long run.
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