An input whose quantity cannot be changed in the short run is:
A) a marginal input.
B) a fixed input.
C) an incremental input.
D) a variable input.
Correct Answer:
Verified
Q7: The total product curve:
A) shows the relation
Q8: A fixed input is one:
A) that exists
Q10: In economics,the short run is:
A)less than 1
Q13: (Figure: The Marginal Product of Labor) Look
Q14: An input whose quantity can be changed
Q17: The long run is a planning period:
A)over
Q18: In the short run:
A)all inputs are fixed.
B)all
Q18: Diminishing returns to an input occur:
A)when all
Q19: The idea of diminishing returns to an
Q21: Figure: The Total Product
(Figure: The Total Product)
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