Under long run production function all the factors of production are ........

Economics (CUET) Theory of Production and Cost

Under long run production function, all the factors of production are_______________.

Fixed

Variable

Both (A) and (B)

None of these

- The long run production function refers to a period during which all inputs or factors of production can be adjusted.

- Option 1, Fixed: In the long run, no inputs are fixed. All factors of production can be varied.

- Option 2, Variable: In the long run, all factors are variable, meaning they can be changed and adjusted.

- Option 3, Both (A) and (B): This is incorrect because in the long run, there are no fixed factors.

- Option 4, None of these: This option is inaccurate because Option 2 is correct.

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