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 11/17/2013 10:43:21 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
18,805,933 questions answered
Popular Conversations
Read the sentence below and correct the pronoun-antecedent agreement ...
Weegy: The three museums in this area that have contributed artifacts for the Egyptian mummy exhibit claim to have five ...
12/21/2014 10:17:21 PM| 3 Answers
Write an equation that represents the problem, then solve the ...
Weegy: 4*6=x
12/21/2014 10:22:19 AM| 2 Answers
Multiply. (-8.7)(-1.1) User: divide -5/-20
Weegy: The answer is 100
12/21/2014 10:42:03 AM| 2 Answers
definition of technical writing
Weegy: Writing is language in a textual medium through the use of a set of signs or symbols (known as a writing ...
12/21/2014 2:20:26 PM| 2 Answers
Which area of individual competence is most important for accurately ...
Weegy: critical thinking is the area of individual competence is most important for accurately perceiving group ...
12/21/2014 5:18:18 PM| 2 Answers
According to MyPlate, you should eat approximately two cups of ...
Weegy: MyPlate illustrates the five food groups that are the building blocks for a healthy diet using a familiar image ...
12/22/2014 1:05:21 AM| 2 Answers
Referencing the product below, what is one serving size in ...
Weegy: Acne is caused by: HORMONES. User: Organic foods tend to have higher levels of nutrients than nonorganic ...
12/22/2014 1:24:15 AM| 2 Answers
There are 12 inches in a foot. How many inches are in 8 feet?
Weegy: There are 36 inches in 3 feet. User: simplified expression for 8(x - 6) - 2(x - 5) + 7x.
12/22/2014 11:32:29 AM| 2 Answers
Weegy Stuff
S
L
P
L
Points 1163 [Total 5007]| Ratings 0| Comments 1163| Invitations 0|Offline
S
L
Points 806 [Total 1497]| Ratings 1| Comments 796| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
Points 715 [Total 14900]| Ratings 1| Comments 705| Invitations 0|Offline
S
Points 681 [Total 681]| Ratings 1| Comments 671| Invitations 0|Offline
S
P
C
L
P
L
1
Points 157 [Total 6476]| Ratings 1| Comments 147| Invitations 0|Online
S
L
Points 86 [Total 1546]| Ratings 1| Comments 76| Invitations 0|Offline
S
1
L
L
Points 33 [Total 6700]| Ratings 0| Comments 33| Invitations 0|Offline
S
Points 30 [Total 30]| Ratings 0| Comments 0| Invitations 3|Offline
S
Points 23 [Total 29]| Ratings 0| Comments 23| Invitations 0|Offline
S
Points 22 [Total 22]| Ratings 0| Comments 2| Invitations 2|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.