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Basic Question 6 of 7
In the short run, the number of production facilities is ______ and the amount of labor is ______.
B. fixed; fixed
C. variable; variable
A. fixed; variable
B. fixed; fixed
C. variable; variable
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Learning Outcome Statements
determine and interpret break even and shutdown points of production, as well as how economies and diseconomies of scale affect costs under perfect and imperfect competition
CFA® 2025 Level I Curriculum, Volume 1, Module 1.