Question

name the factor of production whose supply is fixed.
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Answer 1

Solution(By Examveda Team)

Solution(By Examveda Team)A factor of production, whose supply is fixed in the short run, may get additional earnings. These earnings are generally referred to as Quasi-rent. The earnings from machines and instruments are termed as quasi-rent.

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Answer 2

Answer:

Some of the more important factors affecting supply are the good's own price, the prices of related goods, production costs, technology, the production function, and expectations of sellers.