Asked by Jovelyn Angell on May 01, 2024
Verified
(Table: Tonya's Production Function for Apples) Use Table: Tonya's Production Function for Apples.In the short run,Tonya's fixed input(s) is/are: 
A) land.
B) labor.
C) land and labor.
D) neither land nor labor.
Fixed Input(s)
Factors of production, such as land or machinery, that cannot be adjusted in the short term.
Short Run
A time period during which at least one input is fixed and cannot be adjusted by a firm.
- Distinguish between the short run and long run in production planning.
- Attain an understanding of the differentiation between fixed and variable production costs.
Verified Answer
AR
Akshay ReddyMay 06, 2024
Final Answer :
A
Explanation :
In the short run, Tonya's fixed input is land as it is the only input with a fixed quantity. The amount of labor can be varied in the short run, but the land is fixed at 1 acre.
Learning Objectives
- Distinguish between the short run and long run in production planning.
- Attain an understanding of the differentiation between fixed and variable production costs.
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