A fixed input is one
A) for which the quantity of which cannot change as output rises or falls in the short run.
B) that rises in importance as output rises.
C) that is technologically obsolete.
D) that has been repaired.
E) for which the average output of which falls over time.

Question

Quizplus · Accepted Answer

A fixed input is a factor of production that cannot be varied in the short run, such as a building or equipment. The quantity of the fixed input cannot be changed as output rises or falls, meaning it stays constant.

A Fixed Input Is One