In the long run, all factors of production are:
A) fixed.
B) variable.
C) semi-fixed.
D) either fixed or variable.
Correct Answer:
Verified
Q45: A business incurs:
A) fixed costs in the
Q46: The cost that does not change as
Q47: A factor of production that does not
Q48: The monthly payment that a business makes
Q49: The agreed upon monthly payment that a
Q51: The period of time over which all
Q52: A cost that increases or decreases as
Q53: A cost that does not change as
Q54: The short-run cost that is zero when
Q55: The cost that is greater than zero
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents