state the fixed factor of productioninput level
State the Fixed factor of production
Input level of a fixed factor can't be varied in the short run. Capital falls under the category of fixed factor. Capital alludes to resources likemachinery, buildings etc
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define thevariable factor of production the input level of a variable factor of production can be diverse in the short run raw material inputs are
state the fixed factor of productioninput level of a fixed factor cant be varied in the short run capital falls under the category of fixed factor
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determine the theory of exchange and price theorytheory of exchange is commonly called price theory price determination under various types of
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