The short-run in production is the time period when
...The short-run in production is the time period when
Techniques of production can easily be changed
All factors of production are vaiable
At least a factor is fixed while others are variable
Variable factors cannot be changed
Correct answer is C
The short-run production phase refers to a production cycle in which at least one factor of production is fixed.
In the figure above, The broken line labelled M is the marginal revenue curve of a ...
A contractionary monetary policy is used to control_________ ...
The effect of emigration on a country's population is ...
The greatest revenue earning industry in Nigeria is ...
What happens when the central bank increases the bank rate? ...
In a free market economy, wages are determined by ...
The most liquid asset among the following is ...
The lands that belong to the community is referred to as__________ ...