Which of the Following Factors of Production Is Not Variable

question 33

Multiple Choice

Which of the following factors of production is not variable in the long run?

• A) the size of the firm's plant.
• B) property taxes on the assets of the firm.
• C) highly trained labor.
• D) All factors of production are variable in the long run.

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Definitions:

Discharge in Bankruptcy

The legal process that releases a debtor from most of their debts, providing a fresh financial start, as determined under bankruptcy law.

Down Payment

An initial, upfront payment made on a purchase, typically significant in value, with the balance to be paid later.

Voluntary Bankruptcy

The act of deliberately filing for bankruptcy by an individual or organization as a mechanism to address insurmountable debt.

Bankruptcy Petition

A formal request filed by an individual or business to declare bankruptcy, seeking protection from creditors.