Economists usually assume that ________ is a fixed input in the ________ run.
A) labor; short
B) capital; short
C) labor; long
D) capital; long

Question

Quizplus · Accepted Answer

In the short run, economists typically assume that capital (such as machinery, buildings, and other durable equipment) is a fixed input, meaning its quantity cannot be easily changed. Labor, on the other hand, is considered a variable input that can be adjusted more readily.

Economists Usually Assume That ________ Is a Fixed Input in the ________

Economists Usually Assume That Is a Fixed Input in the