A factor of production whose quantity can be changed during the short run is:
A)a marginal factor of production.
B)a fixed factor of production.
C)an incremental factor of production.
D)a variable factor of production.

Question

Quizplus · Accepted Answer

A variable factor of production is one whose quantity can be changed in the short run. This includes things like labor, which can be hired or fired relatively quickly, but not fixed factors of production like land or capital, which cannot be easily changed or are not easily portable.

A Factor of Production Whose Quantity Can Be Changed During