[amp_mcq option1=”scale of output” option2=”scope of perations” option3=”structure of technology mix” option4=”variable inputs” correct=”option4″]<\/p>\n
The correct answer is: D. variable inputs<\/strong><\/p>\n In the short run, a firm in perfect competition can vary its variable inputs, but not its fixed inputs. This is because fixed inputs are already in place and cannot be changed in the short run. Variable inputs, on the other hand, can be changed in the short run to meet changes in demand.<\/p>\n For example, a firm in perfect competition may increase its production in the short run by hiring more workers. However, it cannot increase its production by building a new factory, as this would require a change in its fixed inputs.<\/p>\n The other options are incorrect because they are all factors that can be changed in the long run, not the short run.<\/p>\n [amp_mcq option1=”scale of output” option2=”scope of perations” option3=”structure of technology mix” option4=”variable inputs” correct=”option4″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-51736","post","type-post","status-publish","format-standard","hentry","category-economics","no-featured-image-padding"],"yoast_head":"\n\n