问题 单项选择题

Are a firm’s demand for labor and a firm’s demand for physical capital more elastic in the long run or in the short run Demand for labor more elastic in the: Demand for physical capital more elastic in the:()①A. short run short run ②B. long run long run ③C. short run long run

A. ①

B. ②

C. ③

答案

参考答案:B

解析:

The short run is defined at the period during which the quantities of other inputs are fixed. In the long run a firm’s demand for capital is more elastic because technology, the amount of labor, and the quantities of other inputs can be varied. A firm’s demand for labor is more elastic in the long run than in the short run. For a given increase in wage rates, a firm’s quantity of labor demand will decrease more when it can substitute other factors of production (the long run) than when other factors are fixed (the short run).

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