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
Use of Income elasticity of demand: Income elasticity of demand on the other hand, has the following uses (i) Income elasticity of demand shows how the pattern of consumer de

How does the indifference curve and budget line for a neutral good look like?

What main features are found in oligopolies? Assumptions of oligopoly Four or five firm concentration ratio Frequently there are benefits of scale to be had Merg

Q. What do you mean by Bond? Bond: A financial security that represents promise of its issuer (generally a company or a government) to repay a loan over a specified time period

Mathematical representation - Inflation Unemployment Trade-off : Suppose that firms correctly perceive the state of demand in the economy and the rate of price inflation. The

Withdrawing MRTP Restrictions: The restriction on the scrutiny of an investment proposal that it does not violate the provisions of MRTP Act was withdrawn. This freed big bus


please may you explain this concept

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Suppose the demand curve for a consumer for coffee is: Q = 6 – 2P, where Q represents the number of cups per day and P is the price of coffee per cup.   Question: Suppose the