Question

An example of a variable resource in the short run is :

Answer 1

Answer:

1. The most common example of a variable input is labor. ... A variable input is a resource or factor of production which can be changed in the short run by a firm as it seeks to change the quantity of output produced

Answer 2

Answer:

Labour or Employee

Explanation:

Variable Factors: Variable factors are those whose employment varies in proportion to output; more are employed when production rises and fewer when production falls. Labor, energy and raw materials employed directly in manufacturing are examples of typical variable elements.

It is different from fixed factors as

Fixed Factors: Fixed factors are those that remain constant regardless of whether production increases or decreases. These often include physical spaces like offices and factories as well as capital goods like machinery and computer systems.

Labour: Their labor refers to the work that a person or a group of workers perform. Every individual deserves to be paid fairly for the fruits of his labor. The jobless cannot stop working because they lack the authority to do so. Synonyms include toil, labor, labor, and effort. additional words for labor

Here, Labour is a variable factor.

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