Question:
With reference to production, short run is that situation where:
With reference to production, short run is that situation where:
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In the short run, some factors of production are fixed, making it impossible to adjust all inputs fully.
Updated On: Nov 5, 2025
- All the means of production can be changed.
- All the means of production cannot be changed.
- Both (a) and (b) are correct.
- Both (a) and (b) are incorrect.
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The Correct Option is B
Solution and Explanation
In the short run, at least one factor of production (e.g., capital or land) is fixed, while other factors, such as labor, can vary.
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