Difference between revisions of "Complementary inputs"
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| − | In economics, | + | In [[economics]], '''complementary inputs''' are inputs to production that a firm uses closely together. |
The economic effect of their complementary nature is that when the price of one of the inputs increases, then the firm will use '''both''' inputs less even at constant output. | The economic effect of their complementary nature is that when the price of one of the inputs increases, then the firm will use '''both''' inputs less even at constant output. | ||
[[Category:Economics]] | [[Category:Economics]] | ||
Latest revision as of 06:38, July 13, 2016
In economics, complementary inputs are inputs to production that a firm uses closely together.
The economic effect of their complementary nature is that when the price of one of the inputs increases, then the firm will use both inputs less even at constant output.