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Micro-Economics Ch 12 Questions

Micro-Economics Ch 12 Questions - Name Date 1 In the short...

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Page 1 Name: __________________________ Date: _____________ 1. In the short run: A) all inputs are fixed. B) all inputs are variable. C) some inputs are fixed and some inputs are variable. D) all costs are variable. 2. The short run is a period that is: 3. In the long run: 4. An input whose quantity can be changed during a particular period is a(n): 5. An input whose quantity cannot be changed during a particular period is a(n): A) marginal input. B) fixed input. C) incremental input. D) variable input. 6. A total product curve indicates the relationship between:
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