What is meant by variable factor and mix factor? Give two examples of

1.	What is meant by variable factor and mix factor? Give two examples of each
Answer» Variable factors:It means the factor which can change with change in output. In other WORDS when output is zero or . maximum variable factors are also zero and maximum. Its example:raw materials,power,FUEL,etc. MIX factors:It means which includes all the production faction (i.e:LAND, labour, capital and entrepreneurship) I HOPE it will help you,

What is meant by variable factor and mix factor? Give two examples of each

Answer»

Variable factors:It means the factor which can change with change in output. In other WORDS when output is zero or .

maximum variable factors are also zero and maximum. Its example:raw materials,power,FUEL,etc.

MIX factors:It means which includes all the production faction (i.e:LAND, labour, capital and entrepreneurship)

I HOPE it will help you,