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briana romero
on Oct 12, 2024

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In the long run

A) all costs become fixed.
B) all costs become variable.
C) all costs are a combination of fixed and variable.

Variable Costs

Expenses that change in proportion to the activity of a business.

Fixed Costs

Expenses that do not change with the level of output or sales in the short term.

  • Contrast operational decisions in the context of short-run and long-run, particularly in relation to inputs and costs.
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OZ
Olivia ZumsteinOct 14, 2024
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