Question

___ and ___ are fixed factors of production ?​

Answer 1

Answer:

Fixed factors are those that do not change as output is increased or decreased, and typically include premises such as its offices and factories, and capital equipment such as machinery and computer systems.

Explanation:

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Answer 2

Answer:

Fixed factors are those which remain unchanged as out output of the firm changes in the shout-run. In other words as a firm increases or decreases its output in the short-run, fixed factors remain constant. They are independent of output in the short-run.

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