Economics Multiple Choice Question – 6 October 2018

In the short run ……….?

Select ONE answer:

1. There are no variable costs.
2. At least one resource is fixed.
3. All resources are variable.
4. All resources are fixed.

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS5 classes.

The answer is 2

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