A tailor can hire extra helpers within a day but needs a year to rent a bigger shop. For this tailor, the long run is

a single dayCorrect answerYour answera period of a year or moreCorrect answerYour answerany period over a weekCorrect answerYour answernever reachedCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

The long run is long enough to change every input, including the shop, which takes about a year here.

Concept: Long run depends on the slowest input
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsShort run and long run

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A tailor can hire extra helpers within a day but needs a year to rent a bigger shop. For this tailor, the long run is

Explanation