Economy, asked by vrindatiwari2003, 2 months ago

define fixed factor of production varial factor of production short run and long run​

Answers

Answered by pranav20071011
0

Answer:

Short run – where one factor of production (e.g. capital) is fixed. This is a time period of fewer than four-six months. Long run – where all factors of production of a firm are variable (e.g. a firm can build a bigger factory) A time period of greater than four-six months/one year.

Explanation:..

Answered by Anonymous
0

Answer:

Short run – where one factor of production (e.g. capital) is fixed. This is a time period of fewer than four-six months. Long run – where all factors of production of a firm are variable (e.g. a firm can build a bigger factory) A time period of greater than four-six months/one year.

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