Asked by
Prachanda Adhikari
on Oct 25, 2024Verified
For many firms, capital is the production input that is typically fixed in the short run. Which of the following firms would face the longest time required to adjust its capital inputs?
A) Firm that makes DVD players
B) Computer chip fabricator
C) Flat-screen TV manufacturer
D) Nuclear power plant
Capital Inputs
The long-term assets used in production, including machinery, buildings, and equipment.
Nuclear Power Plant
A Nuclear Power Plant is a facility that generates electricity through the controlled nuclear reactions of fissile material, replacing fossil fuels with nuclear energy.
Flat-Screen TV
A thin television set with a flat panel display, utilizing LCD, LED, or plasma technology for clearer and more efficient visual output.
- Distinguish and elucidate the traits of short-term and long-term production intervals.
Verified Answer
AR
Learning Objectives
- Distinguish and elucidate the traits of short-term and long-term production intervals.