Question

What is the difference between fixed and variable foctor of production

Answer 1

Answer:

Fixed factor are those factor which cannot be changed in short run. For example,A permanent stafff in a office, something is that if a staff is leave the work it's very difficult to find another person in a short run.

Variable factor are those factor which can be changed in short run.

Answer 2

Answer:

Fixed factor are those factor which cannot be changed in short run. For example,A permanent stafff in a office, something is that if a staff is leave the work it's very difficult to find another person in a short run. Variable factor are those factor which can be changed in short run