Any resource whose quantity can not be changed by a firm in the short run_______________?
Correct answer: B. Fixed resource
- A. Variable resource
- B. Fixed resource
- C. Available resource
- D. Economic resource
Explanation
A fixed resource cannot be changed in quantity during the short run, such as the size of a farm building or installed machinery. Variable resources, such as hired labor or raw materials, can be adjusted during that period.
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