Which of the following factors are fixed in the long run?
A) labour
B) capital
C) land
D) entrepreneurship
E) No factors of production are fixed in the long run.
Correct Answer:
Verified
Q18: Which one of the following statements about
Q19: A firm's opportunity cost of production is
Q20: Gerald is a freelance writer who could
Q21: A firm's total product curve describes
A)the minimum
Q22: The total product curve is a graph
Q24: Use the figure below to answer the
Q25: Choose the statement that is incorrect.
A)Expenditure on
Q26: Choose the correct statement.
A)The long run is
Q27: The long run refers to a time
Q28: In the long run,a firm has no
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