MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Fixed and Variable Factors of Production

In the ,chang...

Question

In the ___,changes in all the factors of production is possible.

A

Short run

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Long run

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

Intermediate period

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Market period

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
Long run

In the long run, all factors are variable.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Land is a fixed factor in the short run. In the long run, it .

Q. In a perfectly competitive market, in the long run, competitive prices equal the minimum possible _________ cost of good.

Q. In the short run, the employment of factors can be changed.

Q. If all inputs are increased in the same proportion, then it is a case of ___________.
(i) Short run production function
(ii) Long run production function
(iii) Laws of variable proportions
(iv) Laws of returns to scale

Q. Define production function. Distinguish between short run and long run production function.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

The Production Function

ECONOMICS

Watch in App

explore_more_icon

Explore more

Fixed and Variable Factors of Production

Standard XI Economics

Join BYJU'S Learning Program

CrossIcon