Fixed input and variable input, Microeconomics

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







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
Related Questions
Problem 1 : (a) What are the main assumptions behind the macroeconomic theory of New Classical Economists? (b) Describe the Lucas Supply function and explain its policy imp


Suppose scientists discover that eating soybeans prevents cancer and heart disease


plese give me supply assigement


using the indifference curve approach explain why the demand curve slope downwards from left to right...... is there any exceptions?

what are the forecasting techniques

COMBINED FINANCES OF UNION AND STATES: Taxes on goods and services are levied in India in various forms and at different levels of Government, Centre, states, and local bodies

Hi, I am taking an economics course. I have a problem where I am given 2 types of units with the same production rate and the labor used to produce those units. I am supposed to c