A factor of production whose quantity can be changed during a particular period is a:
A) marginal factor of production.
B) fixed factor of production.
C) incremental factor of production.
D) variable factor of production.

Question

Quizplus · Accepted Answer

A variable factor of production is one that can be adjusted during a particular period, such as labor or raw materials. This contrasts with a fixed factor of production, which cannot be easily or quickly changed, such as machinery or land. Therefore, option D is the correct answer.

A Factor of Production Whose Quantity Can Be Changed During