Faced with constantly changing conditions, why would a firm ever keep any factors fixed? What criteria determine

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Faced with constantly changing conditions, why would a firm ever keep any factors fixed? What criteria determine whether a factor is fixed or variable?

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:20 AM

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Faced with constantly changing conditions, why would a firm ever keep any factors fixed? What criteria determine

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Whether a factor is fixed or variable depends on the time horizon under consideratio...View the full answer

Microeconomics

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