In long run, which factor of production is fixed?

Related MCQs

• Under increasing returns to scale, which of the following is the nature of the long run average cost curve?
• The Long run Average Cost curve (LAC) in modern cost theory is roughly
• If the long run cost curve shifts down wards it is an indication of
• If the long run average cost curve for a typical firm in an industry is downward sloping to the right it becomes difficult to sustain the assumption of
• If the short-run average variable costs of production for a firm are rising, then this indicates that:
• Implicit cost of a factor of production is determined by its
• The difference between GNP at Factor Cost and NNP at Factor Cost is:
• The short run is a time period in which:
• The saucer-type of modern Short run Average Variable Cost (SAVC) represents
• When AC minimum in short run