Economists Usually Assume That ________ Is a Variable Input in the ________

question 133

Multiple Choice

Economists usually assume that ________ is a variable input in the ________ run.

• A) labor; short
• B) capital; short
• C) labor; short and long
• D) capital; short and long

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Definitions:

Suppliers

Businesses or individuals that provide goods or services to another business, often as part of a supply chain.

Vineyards

Estates or plantations where grape vines are grown for winemaking purposes, often featuring different grape varieties suited to the region's climate and soil.

Just in Time (JIT)

A production methodology aimed at reducing flow times within production systems as well as response times from suppliers and to customers.

Quick Response (QR)

A technology that uses barcodes to provide instant access to information via a smartphone scan, often used for marketing, payment, or product information.