A Variable Factor of Production

question 125

Multiple Choice

A variable factor of production:

• A)is fixed in the long run but variable in the short run.
• B)plays no role in the law of diminishing marginal returns.
• C)is variable in both the short run and the long run.
• D)is variable only in the short run.

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Definitions:

Consideration

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An organization that provides reproductive health care, including birth control, pregnancy testing, and health screenings, as well as advocating for reproductive rights.

Contract Price

The priceu200b agreed upon by parties in a contract for the sale of goods, services, or property.

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The group of senior officials appointed by the head of government who are responsible for directing government policy and decision-making.