Statement 1: In the long run all costs are variable.
Statement 2: In the long run all costs are fixed.
Statement 3: In the long run all costs are neither variable nor fixed.

Defend one (and only one) of the three statements above.

You are required to provide your original comments/answers to the initial statement/questions (minimum 100 words per question).

Don’t forget your critical and analytical thinking skills.

Added Teacher comments: (Graded Discussion:  In the Graded Discussion I am really looking for a demonstration of critical and analytical thinking on your part; not so much a regurgitation of what is in the text.  Do not restate the discussion statement/question. Do not use the text book as a reference.  Look at the discussion from your personal perspective.)

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