A fixed resource is one that
A) is physically tied to a specific location.
B) costs more than the average daily revenue of the firm.
C) cannot be varied in the short run.
D) can be disposed of only if the firm goes out of business.

Question

Quizplus · Accepted Answer

A fixed resource is one that cannot be varied in the short run. This means that, in the short term, the firm cannot change the amount of this resource that it has available. Examples of fixed resources include buildings, land, and machinery.

A Fixed Resource Is One That