A fixed input is one:
A) that exists in nature, and there is only so much of it.
B) that can be used for one thing only.
C) that can never produce more or less in any period.
D) whose quantity cannot be changed in the short run.
Correct Answer:
Verified
Q1: In economics,the short run is defined as:
A)less
Q3: If two firms are identical in all
Q4: Use the following to answer questions:
Q7: The total product curve:
A) shows the relation
Q11: Use the following to answer questions:
Q12: The long run is a planning period:
A)
Q12: In the long run:
A)all inputs are fixed.
B)inputs
Q15: A _ is an organization that produces
Q18: In the short run:
A)all inputs are fixed.
B)all
Q20: An input whose quantity CANNOT be changed
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