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A factor of production whose quantity can be changed during a particular period is a: A. marginal factor of production. B. fixed factor of production. C. incremental factor of production. D. variable factor of production.
Weegy: D. variable factor of production. - - A factor of production whose quantity can be changed during a particular period is a variable factor of production. (More)
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Asked 6/6/2013 12:26:07 AM
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10.0 Points Given constant quantities of all other factors of production, when additional units of a variable factor of production add less and less to total output, then the firm is experiencing
Weegy: Production theory is the study of production, or the economic process of converting inputs into outputs. Production uses resources to create a good or service that is suitable for use, gift-giving in a gift economy, or exchange in a market economy. [ This can include manufacturing, storing, shipping, and packaging. Some economists define production broadly as all economic activity other than consumption. They see every commercial ... (More)
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Asked 6/6/2013 12:50:42 AM
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