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

Evaluate the demand function, Lab Exercise 1. Taco Del Mar has completed a ... Lab Exercise 1. Taco Del Mar has completed a study of weekly demand for its tacos in Washington State's regional markets.  The study developed the following demand function: Q =

Policy orientation for private sector investment, Policy Orientation for Pr... Policy Orientation for Private Sector Investment The policy perspective in the matter of funding is undergoing a steady transformation aimed at according an increasing role to

What is capital requirements directive, In relation to banking, Basel II, t... In relation to banking, Basel II, the Capital Requirements Directive (CRD) was implemented in January 2008. The CRD requires stricter capital treatment of a bank's risk transfer op

Shortage, Shor tage A condition under that the quantity demanded fo... Shor tage A condition under that the quantity demanded for a good or service exceeds the available supply for that good or service. Shortages usually cause a rise in price

Banks, Banks: A company which accepts deposits and issues new loans. It mak... Banks: A company which accepts deposits and issues new loans. It makes profit by charging more interest for loans than it pays on deposits, and through several service charges. By

Illustrate the roles of mathematics in modern economics, Illustrate the rol... Illustrate the roles of mathematics in modern economics? Roles of Mathematics in Modern Economics: Mathematics has become a significant tool into modern economics. Mostly

Revenue, what is the meaning of total revenue? what is the meaning of total revenue?

Production Possibilities Curve, Define the Production Possibilities Curve Define the Production Possibilities Curve

Monopolistic competition, Lorie teaches singing.Herr fixed cost are $1000 a... Lorie teaches singing.Herr fixed cost are $1000 a month,and it costs her $50 of labor to give one class.the table shows the demand schedule for lorie''s singing lessons. Price

Exchange rate, how to calculate the volume of exports? or what is the defin... how to calculate the volume of exports? or what is the definition?