Fixed proportions definition

Fixed proportions means that there is a fixed ratio between volumes of outputs and specific inputs. For example each minute of a fixed-mobile telephone call requires a minute of fixed network call origination service and a minute of mobile network call termination services, no matter which firms provide the services. In contrast, the amount of, say, hours of labour input per vehicle manufactured may differ from one car manufacturer to the next.

Related to Fixed proportions

  • Relevant Proportion means, at any time, the proportion which one Note bears to the number of all of the Notes outstanding;

  • Proportion in relation to a Lender, means:

  • Class A Members means those Members who have purchased Class A Interests.

  • Indirect cost rate proposal has the same meaning as in 44 Ill. Admin. Code Part 7000.

  • Proportionate Percentage means, with respect to any Stockholder as of any date, the result (expressed as a percentage) obtained by dividing (i) the number of shares of Common Stock owned by such Stockholder as of such date by (ii) the total number of shares of Common Stock outstanding as of such date.