In the long run: O A. some factors of production are variable, while at least one...

Question

Question

In the long run: O A. some factors of production are variable, while at least one factor of production is fixed. OB. all fact

business economics

Answer 1

Answer #1

Option B.

Long run is a time period where the firm's are able to adjust production levels appropriately in such a way they they are able to manage all their production costs and earn higher profits.
Hence, none of the factors of production are fixed in long run and all of them, which includes land, labour, capital, machineries etc vary.

Answer 2

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