The mix variance explains the trade-offs between the quantity used of the different inputs by comparing the actual mix of the inputs used to the:

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The mix variance compares the actual mix of inputs used to the standard mix for the inputs. This helps to identify any trade-offs between the quantity used of different inputs. Comparing to the actual mix for inputs or outputs would not provide the necessary information for identifying mix variances.

The Mix Variance Explains the Trade-Offs Between the Quantity Used