A Fixed Input in Production

question 128

Multiple Choice

A fixed input in production:

• A) can be changed in both the short run and the long run
• B) cannot be changed in either the short run or the long run
• C) cannot be changed in the short run
• D) cannot be changed in the long run

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Definitions:

Vygotsky

A psychologist who proposed the sociocultural theory, emphasizing the influence of social interaction, language, and culture on cognitive development.

Interdependent

A state in which two or more entities rely on each other for support, survival, or functioning.

Innate

Describes qualities or abilities present from birth, not acquired later.

Universal

A concept or condition that applies to all members of a given category or thing, without exceptions.