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:

Double-Declining-Balance

A method of accelerated depreciation which doubles the normal depreciation rate.

Depreciation Expense

It refers to the allocation of the cost of a tangible asset over its useful life.

Camera Equipment

Hardware used in capturing images, including cameras, lenses, tripods, and lighting setups.

Loss On Sale

Loss on Sale occurs when the selling price of an asset is less than its carrying amount on the balance sheet, representing a financial loss for the company.