A fixed input is one: Select one: a. that can never produce more or less in any period. b. that only exists in nature, and there is only so much of it. c. that can be used for one thing only. d. whose quantity cannot be changed in the short run.

A fixed input is one: Select one: a. that can never produce more or less in any period. b. that only exists in nature, and there is only so much of it. c. that can be used for one thing only. d. whose quantity cannot be changed in the short run.

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter8: Production And Costs

Section8.3: Production

Problem 1ST

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Question

A fixed input is one:

Select one:

a. that can never produce more or less in any period.

b. that only exists in nature, and there is only so much of it.

c. that can be used for one thing only.

d. whose quantity cannot be changed in the short run.

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