Indicate whether each of the following is probably a fixed factor or a variable factor in the

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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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Economics Theory And Practice

ISBN: 9781118949733

11th Edition

Authors: Patrick J. Welch, Gerry F. Welch

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