In the long run,all factors of production are
A) variable.
B) fixed.
C) materials.
D) rented.

Question

Quizplus · Accepted Answer

In the long run, all factors of production are variable, meaning that they can be adjusted or changed to meet the needs of the business. This includes labor, capital, and land. It is important for businesses to be able to adjust their resources to be competitive and efficient in the long term. Therefore, option A is the best choice.

In the Long Run,all Factors of Production Are