which of the following does not change in the short run?

Assessment: WAEC SSCE - Economics - 2011 (Objective) Subject: Economics

Question 1 Report

which of the following does not change in the short run?

Answer Details
In the short run, at least one factor of production is fixed, which means that it cannot be changed. Therefore, fixed cost does not change in the short run. Fixed costs are expenses that do not vary with changes in the level of production or output, such as rent, salaries, and property taxes.
Read lesson note on Theory Of Costs (JAMB)
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