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Which of the following is a characteristic of a fixed input in the short run? 1 Point It is not needed in the production process.
Which of the following is a characteristic of a fixed input in the short run? 1 Point It is not needed in the production process. Its quantity can vary proportionally with changes in production levels. Its quantity remains constant regardless of changes in production levels. It can be easily adjusted in response to changes in production levels
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Macroeconomics Principles and Applications
Authors: Robert e. hall, marc Lieberman
5th edition
1111397465, 9781439038970, 1439038988, 978-1111397463, 143903897X, 9781439038987, 978-1133265238
