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An example of a long-run cost of a firm is

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Economics JAMB 2005

An example of a long-run cost of a firm is

  • fuel and maintenace cost checkmark
  • the planned size of plant equipment
  • the existing size of plant and equipment
  • rent on buildings

The correct answer is: A

Explanation

Long-run costs are costs that change from time to time. From the above options, expenses on fuel and maintenance are variable cost

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