For a hotdog vendor, the hotdog stand represents his
A) fixed input.
B) variable input.
C) diseconomies of scale.
D) none of the above.

Question

Quizplus · Accepted Answer

The hotdog stand is a fixed factor of production for a hotdog vendor. It cannot be easily varied in the short-run and is essential for producing and selling hotdogs. Other examples of fixed inputs are the vendor's equipment or the location of the stand.

For a Hotdog Vendor, the Hotdog Stand Represents His