A firm has no fixed factors of production in
A) the short run.
B) the long run.
C) the short run and in the long run.
D) neither the short run nor the long run.

Name: A firm has no fixed factors of production in A) the short run. B) the long run. C) the short run and in the long run. D) neither the short run nor the long run.
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Question

Quizplus · Accepted Answer

In the long run, all factors of production are variable, meaning a firm has no fixed factors. This allows for adjustments in all inputs to achieve desired output levels.

A Firm Has No Fixed Factors of Production in