Which of the following is a factor of production that generally is fixed in the short run?

Question

Quizplus · Accepted Answer

In the short run, factors of production that are fixed include things like factory buildings, equipment, and land. These are typically not easily or quickly changed, so they are considered fixed. Raw materials and water would be considered variable factors of production, as they can be adjusted more easily to meet changing production demands. Labor is also a variable factor of production, but it can be more difficult to adjust in the short run due to factors like contracts and hiring processes.

Which of the Following Is a Factor of Production That