______ refers to a period in which output can be changed by changing all factors

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______ refers to a period in which output can be changed by changing all factors of production.

Options:

A . Long run

B . Short-run

C . Fixed run

D . Factor run

Answer: Option A

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More Questions on This Topic :

Question 1. The long-run period is ______ concept.....

Question 2. Factors in the short run are classified as;....

Question 3. In the short run ______ is more active in price determination.....

Question 4. Read the following statement given below and choose the correct alternativeStatement 1- Input refers to the volume of ....by a firm in a given period with given inputs

Question 5. Read the following statement given below and choose the correct alternative.Statement 1- Output per unit of a variable i....2- Average product is also known as an average return.

Question 6. Read the following statement given below and choose the correct alternative.Statement 1- Addition to total product when ....are employed is known as Average product.Statement 2- MP= TP-TP1

Question 7. ______ refers to the increase in the total product when only one factor is increased.....

Question 8. Law of variable proportions is also known as;....

Question 9. Read the following statement given below and choose the correct alternative.Assertion- In the first phase of the law of ....law of variable proportions, TP falls and MP becomes negative.

Question 10. Read the following statement given below and choose the correct alternative.Assertion- Phase one of the Law of variable ....variable proportions is known as increasing returns to a factor.

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