Analyze a factory that you would hypothetically own, Decide which inputs (Land, Labor and Capital) are fixed
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Question:
Analyze a factory that you would hypothetically own,
Decide which inputs (Land, Labor and Capital) are fixed or variable.
- The inputs are Land, Labor and Capital,
- My Deficiencies that need correcting are:
- Change your discussion of the inputs and their classification as fixed or variable and the factors that affect the mix.
- Describes three key inputs and fixed and variable costs involved in the production of chosen product or service but with gaps in accuracy or detail
- Does not describe three key inputs and fixed and variable costs involved in the production of chosen product or service
- Analyzes factors that impact the choice of inputs to produce chosen product or service but with gaps in accuracy or detail
Thank for any help,
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