Question

How are the production inputs classifled?​

Answer 1

Answer:

The inputs to the production function are classified as fixed and variable. ... The former are called variable inputs and later, the fixed inputs. The labour and raw material are examples of variable input whereas buildings, major capital equipment are examples of fixed input.

Answer 2

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The inputs to the production function are classified as fixed and variable. ... The former are called variable inputs and later, the fixed inputs. The labour and raw material are examples of variable input whereas buildings, major capital equipment are examples of fixed input

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