The term “fixed input” refers to: A) inputs to production that do not
The term “fixed input” refers to:
A) inputs to production that do not vary with respect to quality.
B) inputs to production that do not vary in price.
C) inputs to production that yield a constant or “fixed” marginal product.
D) inputs to production, the quantity of which cannot be varied in the short run.
ANSWER
D
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