Although Capital Is a Variable Factor in the Long Run,once

question 33

Multiple Choice

Although capital is a variable factor in the long run,once chosen it often becomes a fixed factor for a long time.A profit-maximizing firm must therefore select a method of production that is

• A)economically efficient at current factor prices.
• B)technologically advanced beyond methods currently used.
• C)labour intensive,as labour is always a variable factor.
• D)economically efficient at current factor prices and sufficiently flexible to adapt to changing factor prices over time.
• E)adaptable to wide ranges of output over time.

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Definitions:

Stranger Wariness

A developmental phase in which infants and young children become cautious and often fearful of unfamiliar people.

Temperamental Style

Refers to the inherent patterns of emotions and behaviors that are evident from early life, shaping an individual's approach to the environment.

Stranger Anxiety

A developmental stage in infants and toddlers where they exhibit fear or distress around unfamiliar people.

Universal Behavior

Actions or reactions that are common across all human cultures, reflecting innate human characteristics.