Final answer:
The statement in the question is true. Shorter periods are more influenced by seasonal patterns on costs.
Step-by-step explanation:
The statement in the question is true. The shorter the period, the greater is the influence of seasonal patterns on the amount of costs.
In economics, the short run refers to a period of time where some factors of production are fixed, while the long run refers to a period of time where all factors of production can be adjusted. In the short run, businesses may have to deal with seasonal fluctuations which can impact costs. For example, a clothing retailer may have higher costs during the winter season due to increased demand for winter clothing.
In contrast, in the long run, businesses have the flexibility to adjust their production and costs to account for seasonal patterns. They can plan and prepare for the changes in demand and adjust their supply accordingly. For instance, the clothing retailer can invest in additional inventory and production capacity before the winter season starts to meet the increased demand and potentially lower costs.