What do you mean by fixed and variable inputs?
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A variable input is a resource or factor of production which can be changed in the short run by a firm as it seeks to change the quantity of output produced.
A fixed input is a resource or factor of production which cannot be changed in the short run by a firm as it seeks to change the quantity of output produced.
A fixed input is a resource or factor of production which cannot be changed in the short run by a firm as it seeks to change the quantity of output produced.
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