Within the context of elasticities, input flexibility indicates_ Select one: A. the ease with which the composition of productive resources can be changed, which increases the elasticity of the supply B. the ease with which inputs can flexibly transported from one site to another, which increases the elasticity of supply. C. the ability to produce substitute inputs, which makes the production process flexible D. that producers do not need to change their input mixture, because inputs fit all production processes equally well.

Within the context of elasticities, input flexibility indicates_ Select one: A. the ease with which the composition of productive resources can be changed, which increases the elasticity of the supply B. the ease with which inputs can flexibly transported from one site to another, which increases the elasticity of supply. C. the ability to produce substitute inputs, which makes the production process flexible D. that producers do not need to change their input mixture, because inputs fit all production processes equally well.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter10: Cost Functions

Section: Chapter Questions

Problem 10.11P

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