Fixed input and variable input:

A fixed input is that input whose quantity cannot be varied in the short-run when demand conditions require an increase or a decrease in production e.g. factory building, capital equipment, some skilled labour, etc. a variable input on the other hand is that where quantity can be changed in all times of production when demand conditions change to require a change in production e.g. raw materials, electrical power, unskilled labour, etc.

Posted Date: 1/2/2013 7:21:14 AM | Location : United States

Ask an Expert

Related Discussions:- Fixed input and variable input, Assignment Help, Ask Question on Fixed input and variable input, Get Answer, Expert's Help, Fixed input and variable input Discussions

Write discussion on Fixed input and variable input
Your posts are moderated

Write your message here..

Related Questions

Economic cycle, Economic Cycle The economic cycle is the long-standing... Economic Cycle The economic cycle is the long-standing sample of alternating times of economic growth (expansion) and decline (recession), followed by changing economic indica

Mixed economy, How solve central problem of economy in mixed economic syste... How solve central problem of economy in mixed economic system?

Nomal, what monopoly market . what monopoly market .

Describe primary interests and theory of supply and demand, Part 1 - Sele... Part 1 - Select a construction-based business of your choice and explain stakeholder theory to illustrate the primary interests of the stakeholder groups and identify any areas o

Say''s law of market general overproduction, Explain the figure of say''s l... Explain the figure of say''s law of market

International development association, International development associatio... International development association: Part of the challenge entails reorienting surveillance, the process through which the BW institutions policy advice is delivered, to mak

Supply, assumptions assumptions

What is Isomers and Types of Isomers, Isomers are two or more forms of comp... Isomers are two or more forms of compounds which having the same compositions. Types of isomers (a) Stereo isomers (b) Structural isomers

Profit maximisattion, argument against in favour of traditonel theory prof... argument against in favour of traditonel theory profit maximisation

Production Possibility Curve, Explain the micro and macro economic issues t... Explain the micro and macro economic issues that can be represented on the PPC