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marco primerano
on Oct 27, 2024

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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.
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JB
Julius BurgessNov 01, 2024
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