Ask Question
6 June, 18:25

Define fixed factor as it applies to production.

+2
Answers (1)
  1. 6 June, 19:06
    0
    A fixed factor of production is one who quantity can not be changed. Examples include major pieces of equipment, suitable factory space. A variable factor of production is one whose usage rate can be changed easily.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Define fixed factor as it applies to production. ...” in 📙 History if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers