Which of the following factors is fixed in the long run?
A) capital
B) land
C) entrepreneurship
D) none of the above because all factors are variable in the long run
Correct Answer:
Verified
Q20: The short run is a period of
Q21: The marginal product of labor is the
Q22: The total output produced with any quantity
Q23: The long run is a time period
Q24: A firm's total product curve shows
A) that
Q26: All the production points that lie _
Q27: The marginal product of labor is the
A)
Q28: Points on a firm's total product curve
Q29: Total product is
A) the increase in output
Q30: Points below a firm's total product curve
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