Which of the following is a factor of production that generally is fixed in the short run?
A)raw materials
B)labor
C)a factory building
D)water

Question

Quizplus · Accepted Answer

A factory building is typically a fixed factor of production in the short run, meaning its capacity cannot be easily changed in the short term. Raw materials and water may be variable inputs as companies can adjust their orders or usage based on demand, and labor can also vary depending on temporary or part-time hires.

Which of the Following Is a Factor of Production That