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Production Function: TP, MP and AP · Question 4 of 62

Question 4

MediumOriginal question

Which of these is usually a fixed factor in the short run?

Options for question 4

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. A building cannot be enlarged at short notice; workers, materials and power can be changed with output.

Concept
Fixed and variable factors
Typical time
70 s
Your time
—
The rule this testsShort run and long run
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Ten questions from Production Function: TP, MP and AP, at your own pace.

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