Indicate whether each of the following is probably a fixed factor or a variable factor in the
Question:
Indicate whether each of the following is probably a fixed factor or a variable factor in the short run.
a. Fertilizer used to grow crops on a farm
b. The heat required to keep the pipes in a warehouse from freezing
c. Electricity used to run machinery and equipment
d. The only person in a company who knows the trade secret formula to a highly profitable product
e. A companywide computer-based software accounting system
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Related Book For
Economics Theory And Practice
ISBN: 9781118949733
11th Edition
Authors: Patrick J. Welch, Gerry F. Welch
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