Question

What is fixed factor? Give one example.​

Answer 1

Fixed Factors are those factors of production which remain fixed as the output changes in the short run.

Explanation:

Fixed factors or inputs of production are those that are constant as the output of any firm or company changes in the short run or is independent of the output.Some examples of fixed factors include factories,plants,building,land etc. as these factors or inputs require time to be altered if the firm decides to change its output level.Hence, these factors become variable in the long run when the firm usually has sufficient time to change all of its factors or inputs of production.

Answer 2

Answer:

Explanation:Those factors which remains constant with the change in output level are called fixed factor.

For example - capital such as plants ,building,and machinery etc are some fixed factor production.