A Fixed Factor of Production

question 40

Multiple Choice

A fixed factor of production:

• A)is fixed in the long run but variable in the short run.
• B)is fixed only in the short run.
• C)is fixed in both the short run and the long run.
• D)is common in large firms but rare in small firms.

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Definitions:

Freud

Sigmund Freud was an Austrian neurologist who established psychoanalysis, a technique to treat mental disorders by engaging in conversation between a psychoanalyst and the patient.

Freud

Sigmund Freud was an Austrian neurologist and the founder of psychoanalysis, focusing on the unconscious aspects of personality and human behavior.

Hypnosis

A trance-like state characterized by heightened focus, concentration, and suggestibility, often used for therapeutic purposes.

Unconscious Mind

Part of the mind that is not within an individual's immediate awareness, containing thoughts, memories, and desires believed to influence behavior.