Consider a manufacturing plant as an example of physical capital.Factor mobility with regard to this physical capital refers to
A)the ease with which this plant can be relocated to another location.
B)the ease with which this plant can be converted to a different use.
C)the ease with which the labour employed at the plant can be retrained to produce a different product.
D)the elasticity of supply of the labour employed in the plant.
E)only the long-run concept of mobility because it is physical capital.

Question

Quizplus · Accepted Answer

The Answer of Consider a manufacturing plant as an example of physical capital.Factor mobility with regard to this physical capital refers to
A)the ease with which this plant can be relocated to another location.
B)the ease with which this plant can be converted to a different use.
C)the ease with which the labour employed at the plant can be retrained to produce a different product.
D)the elasticity of supply of the labour employed in the plant.
E)only the long-run concept of mobility because it is physical capital.

Consider a Manufacturing Plant as an Example of Physical Capital