Asked by
marco primerano
on Oct 27, 2024Verified
An input whose quantity CANNOT be changed in the short run is:
A) marginal.
B) fixed.
C) incremental.
D) variable.
Fixed
Fixed typically refers to costs or assets that do not change in the short term, regardless of the level of output or activity.
Short Run
A period in economic analysis during which at least one input is fixed, limiting the ability of firms to adjust to changes in market conditions.
- Understand the connection between constant and fluctuating inputs.
Verified Answer
JB
Learning Objectives
- Understand the connection between constant and fluctuating inputs.