Ayushi posted an Question
August 26, 2020 • 19:36 pm 30 points
  • 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

1 Answer(s) Answer Now
  • 0 Likes
  • 2 Comments
  • 0 Shares
  • 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.

  • comment-profile-img>
    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.

whatsapp-btn

Do You Want Better RANK in Your Exam?

Start Your Preparations with Eduncle’s FREE Study Material

  • Updated Syllabus, Paper Pattern & Full Exam Details
  • Sample Theory of Most Important Topic
  • Model Test Paper with Detailed Solutions
  • Last 5 Years Question Papers & Answers