Which Factor of Production Is Usually Assumed to Be Variable

question 313

Multiple Choice

Which factor of production is usually assumed to be variable in the short run?

• A) state of technology
• B) number of machines
• C) length of workers' shifts
• D) plant capacity

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Definitions:

Z-scores

Standardized scores that measure how many standard deviations a data point is from the mean, used for comparison across different data sets or variables.

Standard Normal Distribution

A normal distribution with a mean of 0 and a standard deviation of 1.

Between

Pertaining to comparisons or analyses conducted on distinct and separate groups or categories.

Z-scores

A statistical measure that describes a value's relationship to the mean of a group of values, represented in terms of standard deviations from the mean.