A fixed input is one:
A) that only exists in nature,and there is only so much of it.
B) that can be used for one thing only.
C) that can never produce more or less in any period.
D) whose quantity cannot be changed in the short run.
Correct Answer:
Verified
Q6: If two firms are identical in all
Q7: Use the following to answer question:
Q8: Use the following to answer question:
Q9: The long run is a planning period:
A)over
Q10: In economics,the short run is:
A)less than 1
Q12: In the long run:
A)all inputs are fixed.
B)inputs
Q13: The idea of diminishing returns to an
Q14: The _ is the increase in output
Q15: A _ is an organization that produces
Q16: Use the following to answer question:
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