In the long run, a firm has enough time to adjust ___________ factors of production to meet any level of demand.
A) all
B) only one
C) no

Question

Quizplus · Accepted Answer

In the long run, a firm has the flexibility to adjust any or all of the factors of production (such as labor, capital, and technology) to meet changes in demand. This allows the firm to optimize its production and respond to market conditions. Therefore, the best choice is A) all factors of production.

In the Long Run, a Firm Has Enough Time to Adjust