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WAEC Agricultural Science 2002 Question 54

Question 54

Basic Agricultural Economics

In a crop production enterprise, a fixed factor of production could be the

  1. A.size of the land
  2. B.amount of labour required
  3. C.amount of capital employed
  4. D.entrepreneurial skill of the farmer
Show the answer and explanation

Answer: A (size of the land)

Explanation

Land area stays the same in the short run; labour and capital can be varied.