A variable factor of production:
A. plays no role in the law of diminishing marginal returns.
B. is variable only in the short run.
C. is fixed in the long run but variable in the short run.
D. is variable in both the short run and the long run.
Answer: D
Economics
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Suppose that there is no government and no international trade. When C + I is less than the level of real GDP
A) unplanned inventories increase, and real GDP contracts. B) unplanned inventories decrease, and real GDP expands. C) real planned investment spending equals real planned saving. D) unplanned inventories equal zero, and there is no change in the level of real GDP.
Economics
What does the investment demand curve show?
What will be an ideal response?
Economics