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Which of the following statements about a fixed input is true? The quantity of output that the firm can produce with it is fixed, Its price is fixed, The quantity of it that a firm can use in the short run is fixed, None of these
مندرجہ ذیل میں سے کون سا بیان مقررہ وسیلہ کے بارے میں درست ہے؟
  1. The quantity of output that the firm can produce with it is fixed
  2. Its price is fixed
  3. The quantity of it that a firm can use in the short run is fixed
  4. None of these
Explanation
  • In economics, inputs are factors used in production.
  • A fixed input cannot be changed in the short run.
  • Examples include land, machinery, and buildings.
  • Firms cannot increase or decrease its quantity quickly.
  • Therefore, its quantity remains fixed in the short run.

Last verified on 22-04-2026

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