Author Question: A factor of production that cannot be easily changed in the relevant time period is called a A) ... (Read 109 times)

Themember4 · **on:** Jul 1, 2018

A factor of production that cannot be easily changed in the relevant time period is called a

A) short-run factor.
B) fixed input.
C) variable input.
D) production anchor.

Question 2

When a unit tax is placed on demanders ____.

a. it will be paid entirely by demanders if the demand curve is elastic
b. it will have the same effect as a similar unit tax placed on suppliers
c. they will pay a larger share than if it was initially placed on suppliers
d. they will pay a smaller share than if it was initially placed on suppliers