Which of the following is correct about long run production function?
A. In Long run production function, quantity of all outputs varies
B. In Long run production function, quantity of one input varies while quantities of all other inputs remain constant.
C. In Long run production function, quantity of all inputs varies
D. In Long run production function, the quantity of all inputs remain constant
Answer:C
Which of the following is correct about long run production function?
A. In Long run production function, quantity of all outputs varies B. In Long run production function, quantity of one input varies while quantities of all other inputs remain constant. C. In Long run production function, quantity of all inputs varies D. In Long run production function, the quantity of all inputs remain constant