21-Fixed input is; a Free from the output amount like rental factory. b- Free from the capital of entrepreneur. c. Free from what the customer needs. d- Free from the entrepreneur's capital. 22-Production is the function of fixed and variable inputs.Long-term production cost; a-is not possible to predict since the future is unknown. b-is a good criterion for price determination in short-term. c-is unbearable compared to short -term production cost since fixed cost is increased. d-is less costly than short-term production since fixed cost is decreased. 28-Fixed cost per piece; a- Increases when the production quantity increases. b- Decreases when the production quantity decreases c Decreases when the production quantity increases. 4. Fixed cost amount is related to variable cost amount. a

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21-Fixed input is; a Free from the output amount like rental factory. b- Free from the capital of entrepreneur. c. Free from what the customer needs. d- Free from the entrepreneur's capital. 22-Production is the function of fixed and variable inputs.Long-term production cost; a-is not possible to predict since the future is unknown. b-is a good criterion for price determination in short-term. c-is unbearable compared to short -term production cost since fixed cost is increased. d-is less costly than short-term production since fixed cost is decreased. 28-Fixed cost per piece; a- Increases when the production quantity increases. b- Decreases when the production quantity decreases c Decreases when the production quantity increases. 4. Fixed cost amount is related to variable cost amount. a

Answer 1

21-Fixed input is:d- Free from the entrepreneur's capital.Explanation: Fixed inputs are those that do not change with the level of production. They are not affected by the entrepreneur's capital.22-Production is the function of fixed and variable inputs. Long-term production cost:d-is less costly than short-term production since fixed cost is decreased.Explanation: In the long run, fixed costs are spread over a larger number of units, making them less costly per unit compared to the short term.28-Fixed cost per piece:b- Decreases when the production quantity decreasesExplanation: Fixed cost per unit decreases as the production quantity increases because the fixed cost is spread over more units. Conversely, it increases when the production quantity decreases.4. Fixed cost amount is related to variable cost amount:a- FalseExplanation: Fixed costs do not vary with the level of production, while variable costs do. Therefore, they are not directly related.

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