A fixed input is an input that
A)can never be varied.
B)cannot be varied in the short-run.
C)is fixed only for some quantities of output.
D)can never be moved from one location to the next.

Question

Quizplus · Accepted Answer

A fixed input is an input that cannot be varied in the short-run. In the short-run, some inputs are fixed while others are variable. Fixed inputs include things like the size of a factory or the number of machines on a production line, which cannot be changed quickly, while variable inputs are more flexible, like labor or raw materials, which can be adjusted in the short-run.

A Fixed Input Is an Input That