Question

distinguish between fixed and variable factors
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Answer 1

Answer:

A fixed factor is one, whose quantity cannot readily be changed in response to desired changes in output or market conditions. Its quantity remains the same, whether the level of output is more or less or zero. ... A variable factor, on the other hand, is one whose quantity may be changed in response to a change in output

Answer 2

Explanation:

Fixed factor are those factor which cannot be changed in short run. For example,A permanent stafff in a office, something is that if a staff is leave the work it's very difficult to find another person in a short run. Variable factor are those factor which can be changed in short run. For example-raw material.Jan 25, 2018