In the short run, ________ factors of production are fixed, while in the long run, ________ of them are.
A) some; none
B) all; none
C) no; at least some
D) all; at least some

Question

Quizplus · Accepted Answer

In the short run, at least some factors of production, such as the size of the factory or the amount of capital invested, are fixed, while in the long run, all factors of production can be adjusted. Therefore, choice A accurately reflects this distinction.

In the Short Run, ________ Factors of Production Are Fixed