If the physical plant for a corporation is considered to be a fixed input,then
A)it is held constant in the long run
B)it can be changed in the long run
C)labor must be a variable input
D)technology must be changing
E)the firm will lose money in the short run,except under perfect competition

Question

Quizplus · Accepted Answer

In the long run, all inputs, including fixed inputs like the physical plant, can be changed or adjusted.

If the Physical Plant for a Corporation Is Considered to Be