Help with microeconomics


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Identify one company and the type of business (restaurant, gas station, etc.) What do you think are the fixed factors of production for the short run?

Feb 16th, 2015

Consider a Restaurant.

Fixed factors of production are those that cannot be increased in the short run

In a restaurant they include;The cookers,that is ,the machines used for cooking

The land,The land the restaurant is operating from is also fixed in the short run 

In Micro-economic theory,Generally capital is fixed in the short run.


Please appreciate my help by choosing my answer as the best.Thank you

Feb 16th, 2015

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Feb 16th, 2015
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Feb 16th, 2015
Nov 19th, 2017
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