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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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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
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® 2025 Level I Curriculum, Volume 1, Module 1.