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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
- 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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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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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.