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Inputs Prob
Inputs Prob
Consider company A. Like all companies, company A uses inputs to produce and sell its goods and services. Which of the following
items could be company As fixed inputs, which could be its variable inputs, and which cannot be its inputs at all?
1. A building on which company A has a two-year lease
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2. Company As product/service
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3. Company As customers
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7. Labor
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11. Payroll
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