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give some examples of fixed and variable factors in the short run?

give some examples of fixed and variable factors in the short run?

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Answer #1

Short run is too little a time for any change in the fixed factors as they are fixed in nature and is not affected much. They are the constant factors. Yet few examples of fixed factors are buildings, land, machinery, plants and the top managements. But these factors remain constant in short run.

Short run causes changes in the variable factors, they keep on changing as per the circumstances and have large impact in the short run. Few examples are raw materials, wages, fuel, power, labor etc.

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