Which of the following may be fixed in the short run?
A) Plant capacity
B) Machinery
C) The number of firms in an industry
D) Essential raw materials
E) Any one or more of the resources may be fixed in the short run.

Question

Quizplus · Accepted Answer

In the short run, there is at least one factor of production which stays fixed. This could be the labor force, capital, or resources like raw materials. Therefore, any one or more of the resources may be fixed in the short run.

Which of the Following May Be Fixed in the Short