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Basic Question 6 of 7
In the short run, the number of production facilities is ______ and the amount of labor is ______.
B. fixed; fixed
C. variable; variable
A. fixed; variable
B. fixed; fixed
C. variable; variable
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Edward Liu
Learning Outcome Statements
determine and interpret break even and shutdown points of production, as well as how economies and diseconomies of scale affect costs under perfect and imperfect competition
CFA® 2024 Level I Curriculum, Volume 1, Module 1.