What is the different between fixed …
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Posted by Aliza Khan 5 years, 7 months ago
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Aliza Khan 5 years, 7 months ago
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Yogita Ingle 5 years, 7 months ago
Fixed factor= Fixed factors are those that do not change as output is increased or decreased, and typically include premises such as its offices and factories, and capital equipment such as machinery and computer systems.
Variable factor= Variable factors are those that do change with output, which means more are employed when production increases, and less factors include labour, energy, and raw materials directly used in production.
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