Question and answer
what is fixed input and variable input in economics?
Fixed inputs are things you can't easily change (that is, things that only change in the long-run). Variable inputs are things you can easily change (things that change in the short run). So... [ Fixed inputs: - Your building (because you own or lease it (binding contract)) - Your video library (it would be hard to sell all this off easily and not lose a ton of money) - Your shelves and
any other interior decoration you might have paid for when you opened the store (the more permanent stuff like carpet and counters, etc) Variable inputs: - Your employees (you can fire/hire people easily) - Your bills (if you shut down, you can stop paying heat/electricity, even though you can't get rid of the building as easily) - Your cleaning service or other such things (some video stores have food and drinks for sale, stuff like that you can stop ordering) Customers are NOT an input (as in other answer!). Inputs are another word for costs. Your customers don't cost you anything! ]
Expert answered|Onlineexpert|Points 366|
Question
Asked 253 days ago|11/17/2013 10:43:21 PM
0 Answers/Comments
Ask a question
Not a good answer? Get an answer now. (Free)
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
16,953,645 questions answered
Popular Conversations
What is the equation of the line described below written in ...
Weegy: The line passing through point (4, -1) and perpendicular to the line whose equation is 2x - y - 7 = 0 in slope ...
7/28/2014 12:38:02 PM| 7 Answers
beliefs of buddhism
Weegy: Read more: Buddhism: Basic Beliefs and Practices | Infoplease.com ]
7/28/2014 4:39:59 AM| 5 Answers
Find the product. (-7p)^3
Weegy: -21p User: Find the product. (n^3)^2 · (n^5)^4 Weegy: your question? User: Find the ...
7/28/2014 7:09:27 AM| 3 Answers
What is the solution set of the following equation? -8x + x + 15 = ...
Weegy: Answer is definitely c. B = (R - Ax)/x User: The slope of a line is -1/3. Find the slope of a line that is ...
7/28/2014 1:05:49 PM| 3 Answers
Exerts control over all parts of the body (Points : 4) Nervous ...
Weegy: 1. Peripheral nervous system registers information and controls movements outside the central nervous system. ...
7/28/2014 3:41:02 PM| 3 Answers
Solve for x. 8 – 3x = 20 User: Juan buys 4 shirts on sale for $15 ...
Weegy: 4 tshirts 4 x $15.00 = $60.00 $78.00 - $60.00 = $18.00 6 pairs of socks is $18.00 $18.00 / 6 = $3.00 each ...
7/28/2014 7:55:02 AM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
Points 2328 [Total 21328]| Ratings 1| Comments 2318| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
Points 2163 [Total 17292]| Ratings 0| Comments 2163| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
Points 1996 [Total 14551]| Ratings 1| Comments 1986| Invitations 0|Offline
S
L
1
Points 1570 [Total 3753]| Ratings 2| Comments 1550| Invitations 0|Online
S
L
1
1
1
1
L
1
Points 1347 [Total 7524]| Ratings 2| Comments 1327| Invitations 0|Offline
S
1
L
Points 1123 [Total 3259]| Ratings 7| Comments 1053| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 948 [Total 10556]| Ratings 0| Comments 948| Invitations 0|Offline
S
1
L
Points 834 [Total 4510]| Ratings 2| Comments 814| Invitations 0|Offline
S
P
C
L
P
L
1
Points 798 [Total 5852]| Ratings 4| Comments 758| Invitations 0|Offline
S
R
R
Points 160 [Total 348]| Ratings 1| Comments 140| Invitations 1|Offline
Home | Contact | Archive | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.