Which of the following factors of production is not variable in the long run?

a. the size of the firm's plant.
b. property taxes on the assets of the firm.
c. highly trained labor.
d. All factors of production are variable in the long run.

d

Economics

You might also like to view...

Which form of business organization accounts for the largest proportion of sales in the United States?

A) the corporation B) the partnership C) the proprietorship D) the subchapter S partner-based proprietorship.

Economics

The idea behind reciprocity between two trading countries is that they

a. share the gains from trade equally b. eliminate quotas against each other c. eliminate tariffs against each other d. use the same set of trading practices with respect to each other e. agree to retaliate against other trading countries

Economics