The term "fixed input" refers to:
A)inputs to production that do not vary with respect to quality.
B)inputs to production that do not vary in price.
C)inputs to production that yield a constant or "fixed" marginal product.
D)inputs to production, the quantity of which cannot be varied in the short run.

Question

Quizplus · Accepted Answer

Fixed inputs are inputs to production whose quantity cannot be varied in the short run. This means that regardless of the level of output, the amount of fixed input remains the same. Examples of fixed inputs include plant and equipment, land, and buildings.

The Term "Fixed Input" Refers To