A factor of production whose quantity CANNOT be changed in the short run is a(n) _____ factor of production.
A) marginal
B) fixed
C) incremental
D) variable
Correct Answer:
Verified
Q41: Use the following to answer questions :
Figure:
Q41: A planning period during which all of
Q42: The marginal product of labour is the
Q43: Use the following to answer questions
Q44: The long run is:
A) long enough to
Q47: A farm can produce 1 000 kilograms
Q48: Use the following to answer questions :
Figure:
Q50: Use the following to answer questions
Q51: A factor of production whose quantity can
Q53: In the long run:
A) the firm has
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