A firm can use a given plant more intensively and it can change the size of a plant. When it uses a given plant more intensively, it is holding one factor __________ and therefore the time period of production is most likely the __________.
A)fixed; short run
B)fixed; long run
C)more important than another; long run
D)more important than another; short run

Question

Quizplus · Accepted Answer

Using a given plant more intensively while holding one factor fixed is characteristic of the short run, where not all factors of production can be varied.

A Firm Can Use a Given Plant More Intensively and It