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ECO 2301

Question:
During the short-run period of the production process, a firm is:
A. unable to vary any of its factors of production.
B. able to vary only some of its factors of production.
C. able to vary all of its factors of production.
D. able to vary the size of its plant.
E. unlikely to experience diminishing marginal productivity.
Answer:
B
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Last update by kendallholekamp on 11/30/2012
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ECO 2301
ECO 2301
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Question: During the short-run period of the production process, a firm is: A. unable to vary any of its factors of production. B. able to vary only some of its factors of production. C. able to vary all of its factors of production. D. able to vary the size of its plant. E. unlikely to experience diminishing marginal productivity.
Answer: B