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New Course
Concept
Fixed Input
Fixed input
refers to
resources or factors of production
that remain
constant in quantity
regardless of the
level of output
in the
short run
. This concept is crucial in understanding
production constraints
and the distinction between short-run and
long-run production decisions
.
Relevant Fields:
Price Formation and Costs 50%
Business Administration 30%
Economic Theory and Concepts 20%
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