JAMB Commerce 2008 Objective — Question 6

Question 6 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2008 Objective paper, with the correct answer and a full explanation.

6. In the long run, all factors of production are

A. fixed
B. variableCorrect
C. marginal
D. constant

Explanation

In the long run, there will be no fixed factors; thus all factors will be variable.

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