Which of the following is most likely to be a fixed input in the short run for Joe's Garage?
A)the grease used to lubricate cars
B)the part-time labor employed to repair cars
C)the inventory of replacement parts
D)the electricity used to heat and light the garage
E)the garage used to repair cars

Question

Quizplus · Accepted Answer

In the short run, Joe's Garage is unlikely to be able to adjust the amount of space they have for repairing cars. Therefore, the garage itself is considered a fixed input in the short run. The other options listed are all variable inputs and can be adjusted in the short run.

Which of the Following Is Most Likely to Be a Fixed