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

Profit maximization, what is profit maximization.. what is profit maximization..

What caused the end of malthusian age, So what caused the end of Malthusian... So what caused the end of Malthusian age? How did humanity escape from the trap in that invention and ingenuity increased the numbers though not the material well-being of humanity

Show the impact on price elasticity of demand, Q. Food purchases are relati... Q. Food purchases are relatively price inelastic since food is a necessity. If food is so required for life, how will we explain the heavy advertising of food items at the

Types of unemployment, Types of unemployment: Frictional Unemployment... Types of unemployment: Frictional Unemployment: -It refers to unemployment caused by changes in individual labour markets.This is the type of unemployment resulting from peop

What do you meant by enclosures, Q. What do you meant by Enclosures? En... Q. What do you meant by Enclosures? Enclosures: A historic process in Britain and other European countries, in very early years of capitalism, in that lands formerly held and u

Marginal rate of substitution, The marginal rate of substitution (MRS) quan... The marginal rate of substitution (MRS) quantifies the quantity of one good a consumer will sacrifice to get more of the other good. – It is calculated by the slope of the indif

Coefficient of the explanatory variable, Problem: (a) Why is an error t... Problem: (a) Why is an error term added to a regression and explain its importance in the OLS procedure? (b) Suppose we have a linear equation with a constant term, one expl

Tax incidence, if the inverse demand curve is p=120-Q and the marginal cost... if the inverse demand curve is p=120-Q and the marginal cost constant at 10, how does the monopoly a specific tax of 10 per unif affect the monopoly optimum and welfare of consumer

AREC 1, Equation (1) gives a hypothetical demand curve for hybrid vehicles ... Equation (1) gives a hypothetical demand curve for hybrid vehicles in the United States during the year 2000, where Q is the quantity demanded and P is the price. Equation (2) giv

Demand and Supply, #questDuring the 1990s, technological advance reduced th... #questDuring the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in ter