3 Tutorials that teach Fixed / Variable Inputs
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Fixed / Variable Inputs

Fixed / Variable Inputs

Author: Catherine Barry
This lesson will explain Fixed / Variable Inputs
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Notes on "Fixed/Variable Inputs"

Terms to Know

Fixed Input

 A factor of production (input) that cannot be changed in the short-run.

Variable Input

A factor of production (input) that depends upon the level of production.  Variable inputs change depending upon how much we choose to produce.