Which factor of production is usually assumed to be variable in the short run?
A) state of technology
B) number of machines
C) length of workers' shifts
D) plant capacity
Correct Answer:
Verified
Q72: Arlene makes earrings in the shape of
Q73: Normal profit is equal to
A) revenue minus
Q74: A local business earned total revenue of
Q75: A local business earned total revenue of
Q76: In economic terms, the short run is
A)
Q78: Which of these is NOT typical of
Q79: In terms of the actual time period,
Q80: Which example represents the short run?
A) Walmart
Q81: In the short run
A) all costs are
Q82: A local university is considering the construction
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