An Input Whose Quantity Cannot Be Changed in the Short

question 57

Multiple Choice

An input whose quantity cannot be changed in the short run is:

• A)a marginal input.
• B)a fixed input.
• C)an incremental input.
• D)a variable input.

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Definitions:

Commit A Tort

The act of violating a duty or law, resulting in harm or injury to another, which can be redressed by a lawsuit for damages.

Commit A Crime

The act of engaging in an activity that is forbidden by law and punishable by the state or other authority.

Variance

In law, a variance is a granted deviation from the set rules of zoning or building regulations; in statistics, it measures the spread of a set of numbers.

Zoning Ordinance

A law that defines how property in specific geographic zones can be used, regulating building types, sizes, and uses.