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Production and cost — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsProduction and cost1 Mark
MCQ
Short-run production function means:
  • ✓
    At least one factor is in fixed supply.
  • B
    Two factors are in fixed supply.
  • C
    All factors are in fixed supply.
  • D
    One factor is in variable supply.
✓

Answer

Correct option: A.
At least one factor is in fixed supply.

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