Respuesta :
A manager has the ability to alter all production elements over the long run .
What if Factor of production ?
The concept of the factors of production, which describes the components required to generate a thing or service for sale, is crucial in economics. Land, labor, capital, and entrepreneurship are the four categories that they are frequently divided into. The two main components of production, however, are occasionally referred to as labor and capital by critics. One or more production aspects may be more crucial than others depending on the particular conditions.
What is long run in production?
A time frame in which all cost and production parameters are erratic is known as the long run. Long-term cost adjustments are possible for businesses, although short-term pricing changes can only be influenced by changes in production levels.
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