Economists usually assume that capital is a ________ input in the ________ run.
A) variable; short
B) fixed; short
C) fixed; long
D) variable; short and long

Question

Quizplus · Accepted Answer

In the short run, economists typically assume that capital (such as machinery, buildings, and other durable goods used in production) is a fixed input, meaning its quantity cannot be easily changed.

Economists Usually Assume That Capital Is a ________ Input in the ________

Economists Usually Assume That Capital Is a Input in the