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MICROECONOMICS CH : 7 PRODUCTION FUNTION AND RETURNS TO A FACTOR — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 7 PRODUCTION FUNTION AND RETURNS TO A FACTOR1 Mark
Question
In the short period, production is done only by using the variable factors.
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Answer

False. In the short period, production is done by using the both fixed and variable factors of production. In fact, short period is a period of time when some factors are fixed.

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