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Author Question: Which of the following inputs are variable in the long run? A) labor. B) capital and equipment. ... (Read 51 times)

tsand2

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  • Posts: 520
on: Jul 1, 2018
Which of the following inputs are variable in the long run?
 
  A) labor.
  B) capital and equipment.
  C) plant size.
  D) all of these.

Question 2

Use the information in Scenario 4.2. Suppose that the price of artichokes is increased slightly from 10. The total expenditure by consumers on artichokes will ________ and the number of artichokes sold will ________.
 
  A) rise, rise
  B) rise, fall
  C) fall, rise
  D) fall, fall


britb2u

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  • Posts: 331
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


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