A. techniques of production can easily be changed
B. all factors of production are vaiable
C. at least a factor is fixed while others are variable
D. variable factors cannot be changed

Correct Answer:

Option C = at least a factor is fixed while others are variable

Explanation

The short-run production phase refers to a production cycle in which at least one factor of production is fixed.

SEE ALSO  The stability of Nigerian economy depends mainly on the export price of?

Copyright warnings! Do not copy.