A factor of production whose quantity cannot be changed during the short run is:
A)a marginal factor of production.
B)a fixed factor of production.
C)an incremental factor of production.
D)a variable factor of production.

Question

Quizplus · Accepted Answer

A fixed factor of production, such as a factory or a piece of machinery, cannot be easily or quickly changed in quantity during the short run, unlike a variable factor of production, such as labor or raw materials, which can be adjusted.

A Factor of Production Whose Quantity Cannot Be Changed During