Question

46. In the long period
(A) All factors change
(B) Only variable factor changes
(C) Only fixed factor change
(D) Variable and fixed factors remain constant.
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Answer 1

Answer:

d)variable and fixed factors remain constant

Answer 2

In the long period (A) all factors change.

• Variable factors need less time to change while fixed factors need more time.
• In long periods we can change both the fixed factors and the variable factors.
• Variable factors like labour can be changed on shorter notice while fixed factors like land and machinery need more time to be changed or replaced.

The answer is (A) all factors change.