is tenure (in educational jobs) that is provided in US systems, a variable or a fixed factor of production, if yes, why?
2006-11-04 04:40:55 · 2 answers · asked by Moon Light 2 in Social Science ➔ Economics
i meant , is the tenured faculty member a fixed factor? anyway , it seems that it is fixed, but why ????
2006-11-04 04:51:14 · update #1
Tenure is not a factor of production; tenured professors are. And, just like almost any other kind of labor, supply of tenured professors is fixed in the short run and at least somewhat elastic in the long run...
2006-11-04 04:45:42 · answer #1 · answered by NC 7 · 0⤊ 0⤋
When your talking variable or fixed, those are accounting terms. Elastic and inelastic costs are terms economists calculate to find future effects in changing market conditions.
In accounting terms, labor i.e. tenured teachers, is a fixed cost. I dont know if the government would consider an educational job a means of production, or manufacturing.
For the macroeconomist, tenured teachers would be somewhat inelastic. Espically for the professors who join a union. Job security is the basis for the term "tenured" and it provides stable market conditions.
2006-11-04 05:06:57 · answer #2 · answered by rynemsweeney 2 · 0⤊ 0⤋