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Which period allows an organization to change its output by changing only variable factors?
  • a)
    Short run
  • b)
    Long run
  • c)
    Incremental costs
  • d)
    Sunk costs
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which period allows an organization to change its output by changing o...
In the short run, an organization can change its output by changing only variable factors, such as labor and capital. The fixed factors, such as land and machinery, remain the same in this period.
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Which period allows an organization to change its output by changing only variable factors?a)Short runb)Long runc)Incremental costsd)Sunk costsCorrect answer is option 'A'. Can you explain this answer?
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