Question

In the long run, how does a firm increase its output?

विकल्प

• By changing only the variable factors

• By changing only fixed factors

• By changing all factors of production

• By using the same inputs as before

Answer 1

By changing all factors of production

Explanation:

In the long run, a firm can adjust all its inputs, making all factors variable and enabling changes in output by altering the scale of production.