Question

Candice is a jewelry shop owner, specializing in beaded necklaces. For each of the following inputs, classify each item as a variable input or a fixed input in the long run.
1. upper management salaries
2. hourly labor
3. shipping
4. two-year lease on office and retail space
5. chairs
6. computers
7. beads

Answer 1

Answer and Explanation:

The classification of the each item as a variable input or fixed input is as follows:

1. upper management salaries  = variable input

2. hourly labor  = variable input

3. shipping  = variable input

4. two-year lease on office and retail space  = variable input

5. chairs  = variable input

6. computers  = variable input

7. beads = variable input

As all the items are calculated as a variable so no fixed input would be considered