Which of the following is a factor of production that generally is fixed in the short run?
A) raw materials
B) labor
C) a factory building
D) water
Answer: C
You might also like to view...
The market for cigarettes likely has a:
A. highly elastic demand. B. slightly elastic demand. C. highly inelastic demand. D. slightly inelastic demand.
If marginal cost is less than average total cost,
A. average total cost is falling. B. average total cost is constant. C. average total cost is rising. D. there is no way to determine if average total cost is falling, constant, or rising.
Over the next 15 years, ___ out of every 10 people added to the world's population will be born in developing countries
A. 6 B. 7 C. 8 D. 9
Which amendment to the U.S. Constitution protects against unreasonable searches and seizures?
A) First Amendment B) Second Amendment C) Fourth Amendment D) Fifth Amendment