Which Resource(s) Can Be Varied in the Short Run

question 11

Multiple Choice

Which resource(s) can be varied in the short run?

• A) land and capital
• B) land
• C) labor and capital
• D) labor

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Definitions:

Batting Cages

Enclosed areas for baseball or softball players to practice batting, typically equipped with pitching machines.

Fixed Asset Turnover Ratio

The number of dollars of sales that are generated from each dollar of average fixed assets during the year, computed by dividing the net sales by the average net fixed assets.

Days' In Assets Ratio

The Days' In Assets Ratio measures the average number of days it takes for a company to turn its inventory into sales, reflecting inventory management efficiency.

Current Asset Turnover

A financial ratio that measures how effectively a company uses its short-term assets to generate revenue.