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؟
- 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
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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