UGC NET
Ayushi Asked a Question
August 26, 2020 2:06 pmpts 30 pts
  • UGC NET
  • Economics

In the long run, what will happen ?

variable costs ill be less than fixed cost 1 Variable costs will be greater than iixed cost 2 there will be only fixed cost there will be only variable costs 4 yadt aTa Er
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  • Payel banerjee
    option 4 is right. because in the long run all factors are variable.so all cost are also variable.there doesn't exist any fixed cost in the long run.
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  • Nidhi taparia Best Answer
    Option (4) is correct. In the long run the distinction between fixed and variable costs disappear, because all factors of production become changeable or variable in the long run...
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