A factor of production that cannot be easily changed in the relevant time period is called...
A factor of production that cannot be easily changed in the relevant time period is called a
A.
variable input.
B.
shortminus−run
factor.
C.
fixed input.
D.
production anchor.
Homework Answers
Answer
Option C
fixed input.
Input can not be changed in the short run is called fixed input.
Variable input can be changed at any time including the short run.
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