Difference between revisions of "Complementary inputs"
Jump to navigation
Jump to search
m (Complimentary inputs moved to Complementary inputs: sp) |
(undeadend) |
||
| Line 1: | Line 1: | ||
| − | + | 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. | ||
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 14:08, August 24, 2007
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.