Fixed input and variable input, Microeconomics

Assignment Help:

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.


Related Discussions:- Fixed input and variable input

Price Elasticity of supply, Explain the difference between elastic and fixe...

Explain the difference between elastic and fixed supply

Functions and resources of the world bank, Functions and Resources of the B...

Functions and Resources of the Bank  The main functions of the Bank are as follows: •  to assist in reconstruction and development of the territories of it member-governmen

What is the sign of the cross price elasticity, Australians are turning to ...

Australians are turning to scooters to combat escalating petrol prices. After a slump in the March quarter this year, demand for scooters was up by more than 7 per cent in the firs

Production possibility curve, draw a production possibility frontier task u...

draw a production possibility frontier task using the graph and value and identity the pareto efficent and inefficient point and the marginal oppotunity cost of x for each point of

What is Critical Temperature?, What is What is Critical Temperature? Why Cr...

What is What is Critical Temperature? Why Critical Temperature is Specified in Equation? Describe critical temperature specification...

Business cycle and foreign exchange market, Comment on the current account ...

Comment on the current account trend since 2013 till 2015

Cost curves, With the aid of a diagram explain the long run average cost cu...

With the aid of a diagram explain the long run average cost curve and the influences upon it.

Micro, 2. a. Suppose the demand for saline solution is perfectly inelastic ...

2. a. Suppose the demand for saline solution is perfectly inelastic for contact lens wearers. If the government imposes a tax on saline solution, what occurs? Be sure to tell what

Managerial Economics, What does economic theory contribute to managerial ec...

What does economic theory contribute to managerial economics? Explain

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd