define thevariable factor of production the input, Managerial Economics

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define thevariable factor of production the input

Define theVariable factor of production

The input level of a variable factor of production can be diverse in the short run. Raw material inputs are believed as variable factors. Unskilled labour is also considered in the category of variable factors.

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Managerial Economics: define thevariable factor of production the input

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Managerial Economics: define thevariable factor of production the input

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