In the short-period,
A)All factors are fixed
B)Some factors are fixed and others are variable
C)All factors are variable
D)None of the above

Question

Quizplus · Accepted Answer

In the short period, some factors of production are fixed (such as buildings and machinery), while others are variable (like labor and raw materials). This allows businesses to adjust production levels to some extent without altering their fixed assets.

In the Short-Period