Which of the following inputs are variable in the long run? A) ...

[tsand2]

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]

Answer to Question 1

D

Answer to Question 2

B