two fixed factors of production
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Heya....
See here for your ans..
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Fixed cost is the cost incurred on the purchase of fixed asset during the production...
These are....
"" Rent of the land...
"" Intrest on capital...
"" Wages of permanent labour...
"" License fees...
-- These are fixed cost because they still present even when production is zero..
-- Be Brainly...
See here for your ans..
======
Fixed cost is the cost incurred on the purchase of fixed asset during the production...
These are....
"" Rent of the land...
"" Intrest on capital...
"" Wages of permanent labour...
"" License fees...
-- These are fixed cost because they still present even when production is zero..
-- Be Brainly...
Answered by
0
Heya user ✨✨
⏺️Fixed Factor are those the application of which does not change with the change in output .Fixed Factor like (machine) are installed before output actually start .Thus ,a machine is there even when output is zero .
⏺️ Variable Factor are those application of which varies with the change in output . Labour is an example of variable factor .You need more labour to produce more unit of commodity ,other things remaining constant .
⏺️Fixed Factor are those the application of which does not change with the change in output .Fixed Factor like (machine) are installed before output actually start .Thus ,a machine is there even when output is zero .
⏺️ Variable Factor are those application of which varies with the change in output . Labour is an example of variable factor .You need more labour to produce more unit of commodity ,other things remaining constant .
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