In the long run,A) all costs are variable costs.B) all costs are fixed costs.C) variable costs equal fixed costs.D) fixed costs are greater than variable costs.

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Shanna Mccloskey · Accepted Answer

Final Answer : A, Explanation :  In the long run, there are no fixed costs because firms have the flexibility to adjust all inputs. Therefore, all costs become variable costs as firms can change their production levels and adjust all factors of production.

In the long run,

A) all costs are variable costs.
B) all costs are fixed costs.
C) variable costs equal fixed costs.
D) fixed costs are greater than variable costs.

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