Examlex
Which basic type of plate boundary is shown in the image below?
Variable Input
A factor of production, such as labor or raw materials, whose quantity can be changed easily by a business to adjust to the level of output.
Short Run
Short Run is a time period in economics during which at least one input is fixed while others are variable.
Fixed Input
A factor of production that cannot be easily increased or decreased in the short term, such as land or machinery.
Short Run
A period in which at least one input in the production process is fixed, limiting the ability of the firm to adjust production levels.
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