Asked by
giuliana zuniga
on Oct 27, 2024
Verified
An input whose quantity can be changed in the short run is a(n) _____ input.
A) marginal
B) fixed
C) incremental
D) variable
Variable Input
Variable input refers to a production factor that can be adjusted in the short term to increase or decrease production output.
Short Run
A period during which at least one of a firm's inputs is fixed, limiting its capacity to adjust fully to changes in market demand.
- Acquire knowledge on the association between fixed and changeable inputs.
- Differentiate among various kinds of inputs and their fluctuations over short-term and long-term periods.
Verified Answer
1B
Learning Objectives
- Acquire knowledge on the association between fixed and changeable inputs.
- Differentiate among various kinds of inputs and their fluctuations over short-term and long-term periods.